Tag: ERISA

Kraft Heinz Sues Aetna, Says Insurer Breached ERISA Fiduciary Duties

Investors sue Lighthouse Insurance Company

The Kraft Heinz Company sued insurer Aetna on June 30 in a Texas federal court, alleging that Aetna “breached its fiduciary duties and engaged in prohibited transactions” while administering Kraft Heinz’s self-funded medical and dental plans.

DOL Recovered More than $2.4 Billion for Benefit Plan Participants in 2021

EMPLOYEE BENEFITS CONCEPT

The United States Department of Labor has issued a fact sheet summarizing the enforcement results obtained by its Employee Benefits Security Administration (“EBSA”) division in the fiscal year 2021. The Employee Retirement Income Security Act of 1974 (“ERISA”) is enforced by the EBSA. The fact sheet focuses on the over $2.4 billion recovered by EBSA… Continue reading DOL Recovered More than $2.4 Billion for Benefit Plan Participants in 2021

Familiar ERISA Complaint Filed Against KPMG

Retirement plan with calculator pen and glasses, personal finance planning

A new Employee Retirement Income Security Act (ERISA) lawsuit has been filed in the U.S. District Court for the District of New Jersey, naming as defendants the audit and tax advisory firm KPMG, alongside several related parties from inside the company, including its board of directors. According to the complaint, at all times during the… Continue reading Familiar ERISA Complaint Filed Against KPMG

Retirement Planning Gives Bigger Role to Theft Prevention as Risks Lurk Online

GE pays fines for 401 K mismanagement

Seeing an unknown charge on your credit card is so common these days that many people shrug it off. When money is stolen from your 401(k) account, there is less recourse and more cause for concern. Federal law limits consumer liability for fraudulent credit- and debit-card charges. But there is no similar protection for retirement… Continue reading Retirement Planning Gives Bigger Role to Theft Prevention as Risks Lurk Online