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Retirement Plan Employee Retirement Income Security Act (ERISA) Benchmarks

Jackson Lewis P.C.

ERISA 401(k) Performance And Fee Litigation Dismissed For Failure To Provide Comparable Benchmark

Jackson Lewis P.C. on

The District Court for the Southern District of Iowa recently dismissed an ERISA putative class action lawsuit challenging 401(k) performance and fees after plan participants failed to identify appropriate benchmarks in their...more

Foley & Lardner LLP

401(k) Fiduciary Litigation on the Rise –Take These Steps Now to Avoid Liability Later

Foley & Lardner LLP on

A recent spate of lawsuits against large employers’ 401(k) retirement plans (a Plan) has refocused attention on the need for plan administrators to ensure that they are honoring their fiduciary duties and prudently managing...more

King & Spalding

In Closely Watched Mutual Funds Case, 8th Circuit Sets High Bar For Labeling Retirement Plan Investments ‘Imprudent’

King & Spalding on

Mutual Fund Challenges Must Allege Poor Performance Against Meaningful Benchmarks to Avoid Dismissal - In Meiners v. Wells Fargo & Company, the U.S. Court of Appeals for the Eighth Circuit clarified the burden plaintiffs...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

RBS has agreed to pay $85 million to the CFTC to resolve allegations that its traders “manipulated the ISDAfix benchmark rate over a period of five years to benefit the bank’s derivatives positions”....more

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