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Benefits Monthly Minute - Employee Benefits & Compensation

The September Monthly Minute reports on the IRS' new amendment extension deadline with respect to coronavirus-related distributions and qualified disaster distributions. ....

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ERISA Self-Dealing Lawsuit Targets Wells Fargo and Ex-CEO Sloan

Former employees allege that retirement plan fiduciaries engaged in prohibited transactions and breached their fiduciary duty to participants. ....

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Benefits Monthly Minute - IRS Extends CARES Act and Relief Act Deadlines | Company Stock Over -Valuation Puts Plan Sponsor and Trustee Under Water | Flagrant Foul by NBA Player Guilty of Defrauding Health Plan | Keating Muething & Klekamp PLL

The September Monthly Minute reports on the IRS’ new amendment extension deadline with respect to coronavirus-related distributions and qualified disaster distributions, a recent $131.8. ....

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DOL Recovers Millions for Wells Fargo Plan Participants

A settlement has been reached after an Employee Benefits Security Administration investigation. ....

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Wells Fargo to pay $145 million to settle government's 401(k) inquiry

The San Francisco bank's employee retirement plan allegedly overpaid for preferred stock that was eventually deposited into employees' retirement accounts. The bank said that it "strongly disagrees" with the Department of Labor's allegations, but it agreed to the payment in order to resolve the matter. ....

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