Nationwide Class Action Law Firm
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.
A significant proportion of the workforce work from home at least occasionally -- especially in recent years. While working from home can be great, it's much harder to just walk away and leave things unfinished at the end of the workday. Consequently, remote workers...
Did you know that not all workers earn the same minimum wage? If you’re a worker who falls under a certain category, then there is a chance that you could be paid less than the standard minimum wage of $7.25 per hour in Pennsylvania. While Pennsylvania’s minimum wage...
Your right to certain employment benefits doesn't just come from your contract with your employer. There are also federal laws that help protect you regarding certain kinds of benefits. The Employee Retirement Income Security Act (ERISA) has helped protect employees...
Plaintiffs Melissa Haley brought a class action lawsuit alleging that Defendant Teachers Insurance and Annuity Association of America’s (“TIAA”) collateral loan program, which requires transfer of 110% of the value of the loan to TIAA’s general account, violates ERISA’s prohibited transaction rules. TIAA that moved for summary judgment on all of Plaintiff’s claims. The Court denied TIAA’s motion, in part, clearing the way for the case to go to trial.
The 401(k) retirement plan participants allege that the Plan’s fiduciaries selected and retained certain actively managed funds with excessively high fees that underperformed other available alternatives including lower-cost index funds. They also allege that the Plan’s fiduciaries failed to properly monitor potentially conflicted dual-registered advisors and their commissions. Plaintiffs’ allegations “taken as a whole are sufficient to make out a claim of breach of the duty of prudence.”