IFAwebnews » ERISA

DOL sues benefit plan administrator over $436,000 in plan losses

IFAwebnews Staff — Mon, 24 Oct 2011 09:30:20 +0000

The U.S. government filed a federal suit against a benefit plan administrator and its president, seeking to restore $436,322 to two benefit plans of Columbus, Ohio-based Clark Graphics.

DOL sues benefit plan administrator over $436,000 in plan losses via IFAwebnews.

Heeding criticism, Labor Dept. to retool its definition of ‘fiduciary’

IFAwebnews Staff — Mon, 19 Sep 2011 17:04:45 +0000

The U.S. Department of Labor's Employee Benefits Security Administration will redo its rule on the definition of a “fiduciary” after its prior description drew criticism and concern from Congress and financial advisors.

Heeding criticism, Labor Dept. to retool its definition of ‘fiduciary’ via IFAwebnews.

Arthur J. Gallagher buys investment advisor with offices in D.C., N.J.

Bob Graham — Fri, 03 Jun 2011 15:15:14 +0000

Arthur J. Gallagher & Co. has bought a national institutional investment advisory firm, based in Washington, D.C., with an office Newark, N.J.

Arthur J. Gallagher buys investment advisor with offices in D.C., N.J. via IFAwebnews.

Striking Coca-Cola workers file ERISA suit over cancelled health benefits

IFAwebnews Staff — Thu, 02 Sep 2010 09:40:17 +0000

A class-action lawsuit has been filed by 500 Coca-Cola Bottling Co. employees who allege the company violated federal law by canceling their employee health benefits.

Striking Coca-Cola workers file ERISA suit over cancelled health benefits via IFAwebnews.

MetLife pays $13.5 million to settle contingent commission case

Keith L. Martin — Fri, 16 Apr 2010 16:06:53 +0000

MetLife has agreed to a settlement with the federal government regarding allegations it paid millions of dollars in improper contingent commissions to a San Diego-based insurance brokerage.

MetLife pays $13.5 million to settle contingent commission case via IFAwebnews.

Health reform changes for employers could start ‘immediately’

Bob Graham — Tue, 13 Apr 2010 19:00:10 +0000

Nearly all employers – whether insured and self-funded – will be affected by the new health care legislation, with some of those changes coming in the near future, according to a health insurance lawyer.

Health reform changes for employers could start ‘immediately’ via IFAwebnews.

New retirement platform to kick off in 2010 for MassMutual

IFAwebnews Staff — Fri, 29 Jan 2010 17:00:58 +0000

MassMutual’s retirement division is set to open the second quarter of 2010 with its new engagement platform.

New retirement platform to kick off in 2010 for MassMutual via IFAwebnews.

Federal court approves 401(k) settlement involving Hartford Life

Bob Graham — Tue, 26 Jan 2010 14:00:17 +0000

A federal court in Connecticut has approved a partial settlement in a class-action civil suit involving the handling of 401(k) plans by Hartford Life Insurance Co.

Federal court approves 401(k) settlement involving Hartford Life via IFAwebnews.

Federal health reform could threaten autonomy of self-insured employers

Bob Graham — Fri, 08 Jan 2010 13:45:20 +0000

Self-insured health plans could lose much of their autonomy, as federal health care reform could reshape requirements for their coverage.

Federal health reform could threaten autonomy of self-insured employers via IFAwebnews.

Best practices for meeting Prudent Person Standard on 401(k) outlined

IFAwebnews Staff — Tue, 24 Nov 2009 13:52:04 +0000

Companies, faced with meeting the Prudent Person Standard of Care for their 401(k) plans can struggle, often because the business owner is unfamiliar with the process.

Best practices for meeting Prudent Person Standard on 401(k) outlined via IFAwebnews.