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Report Link DOL Issues Proposed Regulation on Participant Fee Disclosures.McGuire Woods LLP - August 29, 2008 On July 23, 2008, the U.S. Department of Labor (“DOL”) published its proposed rule for disclosure of plan fees to participants. The proposed regulation is intended to ensure that participants in 401(k) plans and other defined contribution plans receive uniform and useful fee and expense information about their investment options. The proposed regulation requires that standard, basic disclosures be given to all participants and beneficiaries who direct the investment of assets in their individual accounts, and that investment-related information be presented in a format that makes comparisons easy. Report Link Labor Department Proposes New Disclosures of Fees and Expenses.Ford & Harrison LLP - July 31, 2008 After much discussion, the Department of Labor (DOL) has proposed regulations that would require participant-directed plans, including most 401(k) plans, to provide participants with basic disclosures concerning the fees and expenses charged in connection with available investment alternatives, and in connection with administration of the plan. The DOL’s concern is that plan participants often do not have access to complete information needed to make informed investment decisions. Specifically, the DOL has found that information on fees and expenses charged by fund managers and others is either not readily available or not easy to understand. Report Link 401(k) Plan Fees Litigation: Is The Dam Breaking? A Slew of Class Action Lawsuits Alleging Shady Fee Practices Roils 401(k) Sponsors.Littler Mendelson, P.C. - April 16, 2007 Are ERISA fiduciaries violating their mandate to invest plan assets as experts would? Are the fees just too high? Report Link On the 401(k) Radar: Recent Litigation over Fees and Proposed Regulations on Default Investments.Cooley Godward Kronish LLP. - October 12, 2006 Last month, nearly identical lawsuits alleging breach of fiduciary duties under ERISA were filed against seven large companies and certain of their officers, directors and employees in connection with fees paid from the assets of the companies’ 401(k) plans. The lawsuits, all filed by a St. Louis law firm seeking class action certification, allege breaches of ERISA’s fiduciary duties of loyalty and care, including the failure to follow the terms of plan documents, based on the use of 401(k) plan assets to pay administrative fees claimed to be “excessive.”
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ArticlesFound: 4 ArticlesNO SUBTOPICSEmployment Law Seminars
Employee Free Choice Act Briefing
Jackson
November 21, 2008 Baker DonelsonProtect Your Company and Your Reputation: A Discussion of the Latest Cases, Trends and Developments Relating to Document Retention, Electronic Discovery, and the Rules You Must Know to Protect Your Organization During Employment LitigationOnline
November 25, 2008 Fisher & PhillipsANNUAL EMPLOYMENT LAW UPDATESacramento
December 2, 2008 Shaw Valenza LLPANNUAL EMPLOYMENT LAW UPDATESan Francisco
December 3, 2008 Shaw Valenza LLPCalifornia Workplace Law Update 2008Los Angeles
2008-12-2 Jackson Lewis LLPCalifornia Workplace Law Update 2008Costa Mesa
2008-12-2 Jackson Lewis LLPCalifornia Workplace Law Update 2008Sacramento
2008-12-2 Jackson Lewis LLPCalifornia Workplace Law Update 2008San Francisco
2008-12-2 Jackson Lewis LLPCalifornia Workplace Law Update 2008Sacramento
2008-12-2 Jackson Lewis LLPCalifornia Workplace Law Update 2008San Francisco
2008-12-2 Jackson Lewis LLP |
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