403(b) Plan Sponsors, Beware of Excessive Fee Litigation

Publisher: Law360

November 22, 2016

Day Pitney Author(s) Kathy A. Lawler

Kathy Lawler and Daphney Francois wrote an article, "403(b) Plan Sponsors, Beware of Excessive Fee Litigation," for Law360. The article discusses a spate of class actions against universities that sponsor 403(b) plans and provides an in-depth analysis of allegations of fiduciary breaches under the Employee Retirement Income Security Act of 1974 relating to payments of excessive administration fees and failure to replace certain investment funds. Lawler and Francois offer insights on how sponsors and fiduciaries of 403(b) plans have responded to allegations, pointing out that the complaints serve as a reminder for others "to take a hard look at the design and administration of their plans."

Recommended

The Philanthropy Talk: How Do I Do It...and Why Do I Have To?

Barbara Freedman Wand spoke at a program, "The Philanthropy Talk: How Do I Do It...and Why Do I Have To?," presented by The Boston Foundation in partnership with The Philanthropic Initiative, Massachusetts Society of CPAs, and the Boston Estate Planning Council.

December 11, 2018

The Boston Foundation, Boston, MA

An Evening of Hope: Maximizing Philanthropic Outreach

Day Pitney LLP, along with Caritas Partners (the Philanthropic Trading Division of Celadon Financial Group, LLC), Essential Fund Services International, LLC (ESFI) and WithumSmith+Brown, recently co-hosted "An Evening of Hope: Maximizing Philanthropic Outreach," an invitation-only event at the American Cancer Society's Hope Lodge Jerome L. Greene Family Center in New York City.

November 1, 2018

American Cancer Society's Hope Lodge Jerome L. Greene Family Center, New York, NY

Investing in Art

On October 17, Day Pitney LLP's Individual Clients Department and Family Office Practice hosted "Investing in Art," a private, invitation-only program in the firm's ongoing Family Office Investing Series, held at the Downtown Harvard Club of Boston.

October 17, 2018

Family Office Investing Series, Downtown Harvard Club of Boston, Boston, MA

The Power of Women with Wealth

On October 3, Day Pitney LLP and the Association of Corporate Counsel (ACC), Northeast Chapter – Women's Initiative co-presented a program, "The Power of Women with Wealth," held at Day Pitney's Boston office.

October 3, 2018

Day Pitney LLP and the Association of Corporate Counsel (ACC), Northeast Chapter – Women's Initiative, Boston, MA

Maximizing Philanthropic Impact Through Planned Giving

Jennifer Pagnillo will be speaking on "Maximizing Philanthropic Impact Through Planned Giving" at a workshop presented by Fairfield County's Community Foundation.

August 22, 2018

Fairfield County’s Community Foundation, Norwalk, CT

Day Pitney and the Association of Corporate Counsel Co-Present "The Power of Women with Wealth" Program

October 3, 2018

ICE targets have taken sanctuary in N.J. church. Can ICE go in and get them?

January 28, 2018

Dennis Kearney was quoted in an article, "ICE targets have taken sanctuary in N.J. church. Can ICE go in and get them?" published by NJ.com.

Pro Bono Partnership Pundit: Lawyers Giving Back to Their Communities

April 25, 2017

Theresa Kelly, chair of the firm's Pro Bono Committee, was mentioned by The Dodge Blog in the article "Pro Bono Partnership Pundit: Lawyers Giving Back to Their Communities."

Cos Cob’s Amphitheater to Get a New Home

February 2, 2017

Jennifer Pagnillo handled the legal work to save a historic marble amphitheater, having it removed and relocated to Sarah Lawrence College.

Banks Explore Multiple Avenues For Community Investment

November 18, 2016

Barbara Freedman Wand was quoted in the article "Banks Explore Multiple Avenues For Community Investment," in The Commercial Record.