by Philip S. Chao | Jun 23, 2024 | Everything Else, Regulations
The Julie A. Su vs. Axim Solutions Group et al case demonstrates the importance of an employer’s fiduciary duty of developing and maintaining a prudent process in selecting service providers in delivering health and welfare and retirement benefit plans to covered...
by Philip S. Chao | Jun 7, 2024 | Everything Else, Regulations
On May 24, 2024, a class action complaint was filed in the Eastern District Court of Virginia by Debra Hanigan, et al (“Plaintiff”) against Bechtel Global Corporation and the Bechtel Trust & Thrift Plan Committee (“Defendants”) for a breach of fiduciary duty of...
by Philip S. Chao | Jun 2, 2024 | Everything Else, Regulations
This case was first filed in 2022 which was dismissed by the Court and provided Plaintiffs with leave to file an amended complaint. Plaintiffs have done so in November 2023, and now before the Court is Defendants’ motion to dismiss Plaintiffs’ Second Amended...
by admin | Jan 9, 2023 | Company News, Opinions
Bonds are supposed to be an asset class that counteracts the volatility of stocks, especially on the downside. Well, that did not happen in 2022 which led to the pronouncement of the death of the quintessential 60/40 portfolio. This is pre-mature. The significant...
by admin | Dec 6, 2022 | Company News, Opinions
Free Toasters to Free 1% Match Four decades ago, savings and loans and banks lured customers to deposit their money by giving toasters away. Today, we are hearing a free 1% “match” for encouraging people to save for retirement in setting up new IRA...
