The shareholders of closely held businesses are often some of the key employees of those businesses. Unlike at-will employees, shareholder-employees are entitled to fiduciary duties. These heightened ...

The Purchaser Business Group on Health (PBGH) is expanding its advisory services to all large employers to help them meet their fiduciary responsibilities, the organization announced last week. PBGH ...

Citing numerous precedents (and a recent amicus brief by the Labor Department), a federal judge has granted the motion to dismiss another forfeiture suit.

On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee (EBC) breached their fiduciary duty of loyalty under the ...

The plan’s custom benchmark failed to properly track the investments, which underperformed similar funds, according to the plaintiffs.

You serve as insurance agents, brokers and consultants with exclusive trust and influence when you work with employers and their employee benefit plans. Your clients depend on your benefits expertise ...

Whether, and the extent to which, a plan fiduciary can consider nonpecuniary environmental, social and governance (“ESG”) objectives in selecting plan investments has been a hot-button issue for many ...

Fiduciary liability insurance is a specialized form of professional liability coverage designed to protect individuals and organizations that manage employee benefit plans. This includes anyone who ...