SCOTUS Rules Pensioners in Fully-Funded Plans Cannot Sue
On Monday, in a 5-4 decision, the Supreme Court of the United States ruled that plan participants of defined benefit plans not underfunded do not have legal standing to sue plan fiduciaries for claims of…
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Amazon Fights off Largest Ever DDoS Attack
Amazon announced its cloud-services provider, Amazon Web Services, recently fended off the greatest DDoS cyber-attack in history. Amazon web services, which offers the very infrastructure hundreds of companies rely on, defended itself against a Distributed…
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Important Policyholder Notice New Jersey COVID-19 Update
Pursuant to Bulletin No. 20-15 issued by the New Jersey Department of Banking and Insurance, any New Jersey policyholder who may be experiencing a financial hardship due to COVID-19 may request a 90-day grace period…
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DOL Releases RFI on PTEs Involving Pooled Employer Plans
The Department of Labor just published its Request for Information (RFI) on PEPs, or Prohibited Transactions involving Pooled Employer Plans (PEPs) under the SECURE Act as well as other multiple employer plans. Per a press…
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Update on EBSA Probing ESG Holdings
The New York Regional Office of the Employee Benefit Security Administration is requesting a laundry list of information from plans with ESG funds regarding the review and selection process for said options. The office is…
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Excessive Fee Lawsuit Targets RK Fees
In the U.S. District Court for the Southern District of Ohio, a lawsuit was filed by plaintiff-participants Gregory Stark, William Gaff and Michael Lewin as representatives on behalf of participants in the $2.9 billion Keycorp…
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How COVID-19 Is Changing Airport Security
Airports throughout the nation are adding another layer of security to prevent further spread of the COVID-19 virus. By mid-June, the Transportation Security Administration or TSA is launching novel screening procedures that will reduce physical…
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Hawaii District Courts Resume Some Cases Monday
Oahu state district courts will restart some courtroom activities this week, according to the Hawaii Judiciary. Activities deemed “official court business”, such as business and court proceedings with the traffic Violations Bureau and the Legal…
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Novel SBA Guidance Simplifies Key PPP Provision
Partnering with the Treasury Department, The U.S. Small Business Administration launched novel guidance offering vital clarifications for individuals taking advantage of the Paycheck Protection Program. Published on June 12, the Interim Final Rule edits the…
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