Category: 403(b) Plans

401(k) Plans / 403(b) Plans / ERISA Litigation / Supreme Court

25 Jan, 2022

Supreme Court Give Plaintiffs a Narrow Win in 401(k) Fee Case

Since the first round of cases were filed in 2006, plaintiffs’ counsel have raised hundreds of lawsuits challenging the prudence of fees and investments in 401(k) plans. One of the critical issues in those cases is what needs to be included in a complaint to...

401(k) Plans / 403(b) Plans / ERISA Litigation

8 Dec, 2021

Supreme Court Weighs Pleading Standards in Defined Contribution “Fee” Cases

Regular followers of ERISA litigation know that the so-called 401(k)/403(b) “fee” cases have dominated the ERISA litigation space ever since the first tranche was filed in 2006. Literally hundreds of cases have been filed against defined contribution plan fiduciaries, resulting in the payment of billions...

401(k) Plans / 403(b) Plans / Department of Labor

3 Nov, 2020

DOL Issues Final Rule Addressing Pension Plan Investments in ESG Investments

On October 30, 2020, the U.S. Department of Labor issued its final rule (amending 29 CFR § 2550.404a-1) addressing when pension plan fiduciaries can consider non-pecuniary factors—such as social or environmental benefits of certain investments—when making investment decisions. This rule should help resolve an area...

401(k) Plans / 403(b) Plans / Department of Labor

28 Apr, 2020

DOL Offers Guidance to Retirement Plan Sponsors

On April 28, 2020, the U.S. Depart of Labor (through the Employee Benefits Security Administration) issued helpful regulatory guidance for retirement plans. That guidance is set forth here and here.