Robert Steyer Reporter (defined contribution) [email protected] 212-210-0180 See All Staff Page Recent Stories Former employees sue MITRE for alleged ERISA violations Six former employees of MITRE Corp. have sued the not-for-profit for alleged ERISA violations in two retirement plans run by the organization. Federal judge dismisses ERISA complaint against Olin A District Court judge dismissed an ERISA lawsuit against Olin Corp., saying the plaintiffs didn't show breaches of fiduciary duty. Appeals court upholds dismissal of ERISA suit against CommonSpirit Health The 6th U.S. Circuit Court of Appeals agreed with a federal district court's dismissal of an ERISA complaint against CommonSpirit Health. DC arbitration clauses facing uncertain fate Wishing to reduce ERISA suits, DC plan sponsors are finding that arbitration clauses in plan documents are more difficult than they had hoped. Dear Prudence: Judge explains tricky concept in ERISA cases A federal judge used simple language to explain the complex ERISA concept of the duty of prudence. Pension Rights Center's Karen Ferguson honored posthumously by IFEBP The late Karen Ferguson, founder of the Pension Rights Center, received a posthumous award from the IFEBP. NYC deferred comp plan seeks international value equity manager New York State Common allocates $350 million for in-state co-investments N.Y. State Deferred Comp launches record-keeper search Former employees say Reyes Holdings mismanaged 401(k) plan Ex-employees sued Reyes Holdings LLC, saying its 401(k) plan violated ERISA due to allegedly excessive fees and poor investment choices. Retiree sues IBM alleging shortchanged benefits A participant sued IBM, alleging that retirees are being shortchanged by the use of outdated mortality tables to calculate pension benefits. Appeals court backs class-action status in Universal Health ERISA case A federal appeals court rejected Universal Health Service Inc.'s claim that participants suing under ERISA lacked the legal standing to sue. Slumping equity markets could help stable value Stable value investing depends on how participants perceive the stock market, bond market, money markets and interest rates. 401(k) participants traded heavily in May amid market turbulence – Alight Stable value funds received much of May's trading inflows as 401(k) participants moved their money to fixed income from equity, according to Alight. Aurora Health Care loses bid to toss ERISA suit A federal court judge rejected Aurora Health Care's request to dismiss an ERISA complaint over alleged 403(b) plan mismanagement. Load More
