X
05Dec

Dismissal of DOL’s Failure to Monitor Suit Was Appropriate Based On Retirement Committee’s Swift Action to Rectify Undiversified Trust

As a result of a custodial trustee’s resignation, assets for Severstal Wheeling, Inc.’s (“Severstal”) two ERISA-covered retirement plans were transferred to a new trust.  The retirement committee for the Severstal retirement plans (“Committee”)...
By: Hodgson Russ LLP
Source Url: https://www.jdsupra.com/legalnews/dismissal-of-dol-s-failure-to-monitor-57134/

Related

UK Bill Expands Scope for Foreign Investment Intervention

On 11 November 2020, the UK government announced the long-awaited and wide ranging reforms to the re...

Read More >

IRS Finalizes Hardship Withdrawal Regulations

Not all 401(K) and other qualified plans allow hardship withdrawals, but if your plan does allow har...

Read More >

Nevada Mandates Paid Leave for Workers to Use for Any Reason

On June 13, 2019, Nevada Governor Steve Sisolak signed SB 312 (“Law”), which imposes new paid leav...

Read More >

A Lesson for Employers: The Obligation to Pay H-1B Workers May Begin Even Before the H-1B Petition is Approved

An IT consulting company based in Southern California recently paid $48,193 to one employee after th...

Read More >

Qualified Retirement Plan Considerations and 2019 Year-End Action Items

Our Employee Benefits & Executive Compensation Group reminds plan sponsors to get ready for 2019 IRS...

Read More >

The Uniform Baseball Contract is an Employment Contract Like Few Others

I was going to save this post for the Yankees run into the World Series, but with the Yankees losing...

Read More >