Believe it or not, there’s some unfinished business from the case of Tibble v. Edison. We last heard of the case back in September 2017, when the parties reached agreement on the remaining piece of the damages calculation in the long-running suit. The case involved 17 mutual funds that were chosen... READ MORE

A recent survey by the Plan Sponsor Council of America suggests that some plan design feature adoption rates may have plateaued. What’s been your experience? PSCA’s 62nd Annual Survey of Profit Sharing and 401(k) Plans, reporting 2018 plan activity, found that while nearly a quarter of... READ MORE

Think we were done with multibillion-dollar plans getting sued for excessive fees and fiduciary breaches? Think again. This time the suit (Marks v. Trader Joe’s Co., C.D. Cal., No. 2:19-cv-10942, complaint 12/30/19) has been filed against fiduciaries of Trader Joe’s Company Retirement Plan by... READ MORE

Noting that “The Parties wish to conserve their and the Court’s resources during the period of time necessary to finalize insurance funding of the settlement,” a settlement has been struck in a case involving an ESOP where the stock price… rose. The filing, in the U.S. District Court for the... READ MORE

A year ago, the average 401(k) balance went into 2019 with a bit of a hangover. This year the hangover could be for a different reason.  It’s easy to forget that in December 2018, the markets were so rough that the average 401(k) account balance for younger (25-34), less tenured (1-4 years)... READ MORE

So, now it’s official – and much of the newly enacted SECURE Act is effective immediately. There’s a lot to know, a lot for which to plan, and a lot to share. This week we’d like to know what you’re most curious about. The Setting Every Community Up for Retirement Enhancement (SECURE) Act was... READ MORE

There were a lot of ERISA litigation settlements in 2019 – but how are those trending? An analysis by Bloomberg Law finds that class settlements in employee benefit disputes hit $449 million in 2019 – a figure that they noted was up significantly from 2018’s $291 million, but well short of the $... READ MORE

If you think you’ve had a bad week, just remember – it could have been worse. Check out what happened to these guys (and gals)… In Roseville, California, Movses Dermishyan, 30, and Jacob Booth, 39, were driving a van that was connected by a witness to a tailgate theft near here… literally having... READ MORE

The Labor Department has weighed in on a case with significant implications for ERISA litigation cases. The suit, brought in the U.S. District Court for the Eastern District of Pennsylvania on behalf of a potential class of terminated Wawa, Inc. employees, alleged that Wawa, its ESOP plan trustees... READ MORE