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The Rise Of ERISA Forfeiture Litigation And What Plan Sponsors Must Know
Buchanan Ingersoll & Rooney PC are most popular: within Finance and Banking, Government, Public Sector and Environment topic(s) with readers working within the Environment & Waste Management and Technology industries Since 2023 employers and plan sponsors have been plagued by almost 100 class action lawsuits alleging that sponsors of 401(k) retirement plans caused financial harm to plan participants by using forfeitures from terminated participant accounts to offset current/future employer...
ERISA Fiduciaries Need Hard Data for Post-Chevron Protection - Bloomberg Law
Candace Quinn, shareholder in the firm's Employee Benefits & ERISA practice group, Barbara Sanchez-Salazar, senior attorney in the firm's Employee Benefits & ERISA practice group, and Minji Kim, associate in the firm's Labor & Employment section, coauthored an article for Bloomberg Law entitled "ERISA Fiduciaries Need Hard Data for Post-Chevron Protection."
ERISA Fiduciaries Need Hard Data for Post-Chevron Protection
The Department of Labor’s fiduciary investment rule is at risk of being vacated following the US Supreme Court’s decision in Loper Bright v. Raimondo that changed how courts consider federal agency expertise. As a result, fiduciaries should bolster all investment decisions with hard data to protect themselves and their clients. Under the Employee Retirement Income Security , fiduciaries have a duty to establish and follow procedures based on their duties of loyalty and prudence.
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