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DOL backs IBM retirees, urges lower court to reopen firm's ERISA pension plan lawsuit
The IBM lawsuit caught the attention of Labor Department, which claims the three-year deadline to bring a fiduciary claim doesn’t apply because workers didn’t have “actual knowledge” of the ERISA violation.
Avoiding ERISA lawsuits and breaches of fiduciary responsibility: Lessons from litigation
With recent changes to the design of health care plans, there is more room for employers to violate their fiduciary obligations; however, they can take steps to ensure that they are meeting those responsibilities.
TIAA's 'high-fee products push' lawsuit: Best practices for all retirement plan sponsors
Companies need to fully understand what the plan fees are so they can be “fully transparent” with their workers, said law firm Schlichter Bogard, which is representing plaintiffs suing TIAA for steering them into high-fee investments.
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