Nevin Adams

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) has issued “deadline relief and other guidance” related to the impact of the Coronavirus outbreak—including expanded “good faith” application of electronic delivery. EBSA Disaster Relief Notice 2020-01 extends the time... READ MORE

Another excessive fee suit has been filed—with the plaintiffs represented by a familiar name.   This time the target were the fiduciaries of the approximately $700 million Pharmaceutical Product Development, LLC Retirement Savings Plan in a suit filed in the Eastern District of North Carolina by... READ MORE

The CARES Act has greatly expanded American workers' pre-retirement access to their retirement accounts—so, how might it affect their retirement?   There would seem to be plenty of reason for concern—the definition of person(s) affected by, and thus qualified[1] for, this expanded access through... READ MORE

A new suit has been filed, alleging “reckless actions in allowing an unknown individual to prey on and steal hundreds of thousands of dollars from the retirement savings of the Plaintiff…”   More specifically, the suit was filed on behalf of Heide Bartnett, 59, a retired former employee of Abbott... READ MORE

We are living through an extraordinary time in human existence—and, sadly, some aren’t living through it.    Americans deal with personal natural tragedies every day—wildfires, tornadoes, hurricanes, floods, and earthquakes. We’ve also dealt with volatile markets, terrifying periods like the 2008... READ MORE

An ERISA preemption challenge to the CalSavers Retirement Savings Program is gearing up for another go at it.   The Howard Jarvis Taxpayers Association has filed a notice in Howard Jarvis Taxpayers Ass’n. v. Calif. Secure Choice Ret. Sav. Program, E.D. Cal., No. 2:18-cv-01584, notice of appeal 4/... READ MORE

I have long been enamored of so-called “end of the world” fiction—the kind where society as we know it is confronted by the aftermath of some cataclysmic event. And while “this” doesn’t seem to be that—there’s likely to be some significant changes ahead. Here’s a half dozen to consider… More... READ MORE

We are getting reports from a number of our members that employers—struggling with the impact of business closings, a lack of customers, or other economic impacts due to the pandemic—are looking for some help. Based on results to a member survey, the impact could be catastrophic!    The American... READ MORE

Once again, a prudent process has won the day in court for retirement plan fiduciaries.   In the case at hand, plaintiff Bonnie Birse, a participant in the CenturyLink Dollars & Sense 401(k) Plan since 2012, and invested in the plan’s 2015 Target Date Fund, argued that CenturyLink’s... READ MORE