Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
Fidelity Sued Over “Secret Payments” in New Class Action
In a class-action lawsuit suit filed on February 21, 2019, in the U.S. District of Massachusetts, participants in a T-Mobile USA 401(k) plan sued the parent company of Fidelity investments, along with several FMR affiliates, alleging violations of ERISA’s fiduciary
Second Circuit Reverses Dismissal of Stock Drop Complaint: Opens Door to Possible Plaintiff Claims
On December 10, 2018, the U.S. Second Circuit Court of Appeals overturned a lower court’s dismissal of a “stock drop” case in a way that could add to the list of allegations participants might use to overcome employers’ motions to
Oops! When an Employer may Recover Mistaken HSA Contributions
Errors occur; they are part of this human life. We hope when we err it’s nothing “major” and a “quick fix” will take care of the mishap. However, sometimes a minor error in the employee benefits world can be costly.
Updated Penalty Amounts for ERISA 401(K) and Welfare Plans
On January 23, 2019, the DOL published annual adjustments to the civil monetary penalties for certain ERISA violations applicable to 401(k) plans. Legislation enacted in 2015 requires these adjustments to be issued by January 15 of each year, but the