Over $1 Billion Recovered For Past Clients
As of year-end 2020, the Plan had net assets of more than $6 billion. This gave the Plan had substantial bargaining power regarding the fees and expenses that were charged against participants’ investments. The Plan’s fiduciaries failed to use this bargaining power to the Plan’s advantage. Instead, Plan participants were saddled with above-market recordkeeping and administrative fees.
Thousands of pension plans are using outdated mortality tables to determine the value of pension benefits they are required to pay. Pension payments and annuities calculated using out-of-date mortality tables are generally worth less than benefits calculated on the basis of updated mortality data. Using old tables reduces the present value of benefits because these tables predict that people will die at a faster rate than the new tables do.
If you suspect that you are not getting paid adequately pay for your work, then you may want to do an online search about the average wage for a role similar to yours. A quick Google search should give you an idea as to the amount employers are paying workers in similar roles in your city and state. If you are not making at least the minimum wage for your city and state, then it is highly likely you are being underpaid.
Requiring non-exempt employees to work off-the-clock is surprisingly common even though it's usually illegal. Here are a few examples of employees who sued their employers for being forced to work off-the-clock: Corrections officers alleged that they were required to...
As an employee of a private company, you may not need to know the more complex nuances associated with ERISA. However, there are some things about the law that you should know. Primary among these is how your employer may diminish the value of your retirement plan by violating their obligations under ERISA.
Group health plans generally cover an employee, their spouse, and their dependents. The Employee Retirement Income Security Act of 1974 ("ERISA") is a federal law that affords individuals who receive employee health insurance and other incentives through a group...
What should you do if you discover that a fiduciary of your retirement plan has mismanaged or stolen plan assets? Usually, fiduciaries will be covered by an ERISA fidelity bond to make sure that the plan is protected in the case that there are losses attributed to dishonesty or fraud. You may need to pursue a lawsuit to seek compensation or use other methods to hold those responsible accountable.
Washington, D.C. - The Chamber of Commerce of the United States of America ("Chamber") is one of the most influential lobbying groups in the country, and it regularly submits amicus curiae briefs in significant appellate cases in order to advance its pro-business...
COBRA requires that an employer provide an employee with the option to continue coverage under the employer’s health plan after the occurrence of a “qualifying event” that would otherwise end the employee’s health insurance coverage. Failing to notify an employee of his or her right to continue health insurance is a serious violation of the law. Courts have the discretion to find the administrator personally liable to the participant for up to $110 a day from the date of the failure until the date of correction.
With few exceptions, most holiday workers will be “non-exempt” from the overtime regulations imposed by the Fair Labor Standards Act (FLSA) — which means that they’re entitled to “time and a half” for any time beyond 40 hours they work in a calendar week.