Clorox Must Face Novel ERISA Suit Over 401(k) Forfeiture Usage
A former Clorox Co. employee advanced a proposed class action saying the company mismanaged its 401(k) plan by using ...
PBM Contracts Could Expose Plan Sponsors to Fiduciary Liability
A plan sponsor’s fiduciary duty to be transparent in Pharmacy Benefit Manager contracts safeguards plan participants’ interests and mitigates the risk of litigation, regulatory penalties, and ...
The National Law Review18h
Eleventh Circuit Confirms Foreign Tax Credits Owned by Insurance Company Not “Plan Assets” of 401(k) Plan Under ERISA
In late October 2024, the United States Court of Appeals for the Eleventh Circuit ruled in Romano v. Hancock Life Insurance ...
Pensions&Investments20h
PPL pays $8.2 million to settle ERISA lawsuit over offering Northern Trust TDF series
The Pennsylvania utility PPL has agreed to pay $8.2 million to settle claims by participants in four defined contribution ...