With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
Pres. Biden's massive Saving on a Valuable Education plan remains on hold, after a federal judge in Missouri blocked the plan, just one day after a judge in Georgia said it could go forward.
The DOL's new Retirement Security Rule, which had been set to become effective Sept. 23, will remain on hold as appeals will be heard by the 5th Circuit, which blocked the previous Obama-era fiduciary rule.
A federal judge extended a temporary restraining order on Pres. Biden's newest student debt forgiveness plan that could potentially affect 25 million borrowers - and have impact on the upcoming presidential election.
The Anti-Kickback Statute prohibits anyone from offering or paying, directly or indirectly, money or anything else of value to induce referrals of patients or to provide recommendations of items or services covered by Medicare, Medicaid and other federally funded programs.
In the last year, Lockheed Martin, AT&T, Alcoa and GE have been sued by employees in class action lawsuits over the PRT deals made with Athene, alleging the firm "breached their fiduciary duty," says law firm Schlichter Bogard.