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New York District Court Rejects ERISA Excessive Fee Claims as Insufficient

Proskauer's Employee Benefits & Executive Compensa

A district court in New York recently dismissed a putative class action challenging retirement plan recordkeeping and investment management fees. 21-cv-8458, 2023 WL 186679 (S.D.N.Y. First , the court held that plaintiffs lacked standing with respect to the profit-sharing plan because they were not participants in that plan.

401(k) 109
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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Retirement planning services. Profit-sharing Plans. If you want your people to tackle the company's goals like their own, you need to drive the fact that the more profits the company makes, the more profitable it will be for them. Hence, enter the profit-sharing plan.

PTO 105
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Compliance Areas for 2024 You Might Not Have Thought Of

PeopleStrategy

IRS 2024 Retirement Plan Limits No matter how happy your employees are with your company, the majority likely dream of one day retiring. You and others in your HR department can help them prepare for retirement by sharing changed retirement plan limits for the coming year.

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