Topic
401(k)
508 published works
Wills, Trusts & Estates Prof Blog
Labor Department Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu
The Labor Department has expressed concerns about retirement security as Fidelity Investments plans to allow investors to put bitcoin into their 401(k) accounts. Despite the hype surrounding cryptocurrency, there is…
Wills, Trusts & Estates Prof Blog
Labor Department Criticizes Fidelity’s Plan to Put Bitcoin on 401(k) Menu
The Labor Department has expressed concerns about retirement security as Fidelity Investments plans to allow investors to put bitcoin into their 401(k) accounts. Despite the hype surrounding cryptocurrency, there is…
Hall Benefits Law Blog
Capital One Seeks to Dismiss Proposed Class Challenging 401(k) Plan Administration
By Anne Hall
Capital One Financial Corp. has filed a motion to dismiss an ERISA suit, arguing that there is insufficient evidence that it mismanaged its 401(k) plan. In Morales v. Capital One…
Hall Benefits Law Blog
401(k) Plan Investments in Cryptocurrencies
By Anne Hall
The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (DOL) issued Compliance Assistance Release No. 2022-01 on March 10, 2022. This release warns plan fiduciaries to exercise…
Cohen & Buckmann Insights
Industry Groups Push Back-Why the DOL Should Partner with Stakeholders to Revise Its Cryptocurrency Guidance
When the DOL issued its Compliance Assistance Release (CAR) 2022-01 in March, it aroused a hornet’s nest. Plan sponsors and vendors were beginning to respond to demand from participants wanting…
ERISA Litigation Advisor
New York Federal District Court Dismisses 401(k) Fee Class Action
By Blaine A. Veldhuis, René E. Thorne
A New York district court recently dismissed, without prejudice, a 401(k) plan participant’s putative class action complaint alleging breaches of fiduciary duty. The plaintiff alleged that the plan fiduciary-defendants breached…
Cohen & Buckmann Insights
Private Equity and 401(k) Plans-Do They Belong Together?
In 2021, the Department of Labor (DOL) issued an information letter that some interpreted as green lighting private equity investments through 401(k) plans. The DOL has issued new guidance for…
Cohen & Buckmann Insights
Supreme Court Decision Impacts 401(k) Plan Litigation
In her new blog post for Penchecks, Carol Buckmann discusses how the decision may affect pending and future fiduciary breach cases.
Benefits Law Update
Correcting 401(k) Plan Excess Elective Deferrals
With the April 15 deadline for distributing excess elective deferrals fast approaching, this post summarizes the rules for correcting excess elective deferrals made to a 401(k) plan. In brief, excess…
Compliance Building
Compliance for 401k and a Recent Supreme Court Case
I assume some compliance officers often get involved in their firm’s retirement plans. If so, you may want to take a look at a decision last week by the US…