News & Analysis as of

Retirement Plan Employee Retirement Income Security Act (ERISA) Wells Fargo

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Wells Fargo to fork over $32.5 million in ERISA case

Wells Fargo is the latest 401(k) plan provider to settle on a class-action case on their own plan....more

McDermott Will & Emery

Court of Appeals Affirms “Paternalistic” Breach of Fiduciary Duties

McDermott Will & Emery on

The US Court of Appeals for the Eighth Circuit recently affirmed a Minnesota district court’s dismissal of a claim against Wells Fargo & Company (Wells Fargo) under ERISA. A former employee had alleged Wells Fargo breached...more

Stinson - Benefits Notes Blog

What Does the Trust Requirement of ERISA Mean?

ERISA requires that plan assets be held in trust so that they are protected from claims of the employer. With pension plans, it is generally easy to determine when assets become plan assets and when they should be held in...more

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