3rd Circuit Grants Victory to Participants Challenging Church Plan Status

Yesterday, December 29, 2015, the 3rd Circuit Court of Appeals decided in favor of the plan participants in Kaplan v. Saint Peter’s Healthcare System. In the first circuit court opinion in the dozen+ cases that have been filed, the court ruled that the defined benefit plan sponsored by Saint Peter’s Healthcare System is not eligible for … Continue reading 3rd Circuit Grants Victory to Participants Challenging Church Plan Status

Spano v. Boeing Excessive Fee Case Settles for $57 Million

Yesterday, November 5, 2015, the parties in Spano v. Boeing Co. filed for court approval of a Settlement Agreement that was finally made public. Earlier this year in August, the case was settled in principle on the first day of trial but the terms of the settlement were not disclosed. We have now learned that … Continue reading Spano v. Boeing Excessive Fee Case Settles for $57 Million

Court in Boeing Excessive Fee Case Rules for Plaintiffs, Sets Trial Date

On December 30, 2014, the district court in Spano v. Boeing denied the defendants’ motion for summary judgment on the merits and partially denied their motion for summary judgment based on ERISA’s statute of limitations. A trial date has been set for May 20, 2015 in Judge Nancy J. Rosenstengel’s East St. Louis courtroom. The … Continue reading Court in Boeing Excessive Fee Case Rules for Plaintiffs, Sets Trial Date

Benchmarking – All About that Fee

Stealing a tag line from the new hit song “All About That Bass” this blog post outlines a practical approach to benchmarking fees in a manner that complies with ERISA 408(b)(2) fee disclosure. As you may recall, ERISA 408(b)(2) is designed to provide a responsible plan fiduciary (“RPF”) with sufficient information to determine if fees … Continue reading Benchmarking – All About that Fee