Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Defined Contribution Account Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Plan Consultant II

MAP Retirement
(Remote / Jacksonville FL)

MAP Retirement logo

Pension Administrator

PPS Pension Services
(Remote / Williamsville NY / Hybrid)

PPS Pension Services logo

Relationship Manager - Defined Contributions

Daybright Financial
(Remote)

Daybright Financial logo

Sales Consultant

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

Retirement Plan Onboarding Specialist

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

Plan Administrator II

DWC - The 401(k) Experts
(Remote)

DWC - The 401(k) Experts logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Morgan Stanley Seeks to Send Brokers' Deferred Comp Lawsuit to Arbitration
AdvisorHub Link to more items from this source
July 18, 2022

"Morgan Stanley has asked a federal court to stay a proposed class action lawsuit related to its deferred compensation plan and compel 12 of its former brokers who filed the suit to arbitrate their claims.... Matthew T. Shafer ... sought class action status for claims based on allegations that Morgan Stanley violates federal laws governing vesting and anti-forfeiture rules for pension and retirement packages by withholding deferred pay when brokers move to the competition. In response, Morgan Stanley has argued that the deferred compensation program is a bonus plan, which is generally not covered by ERISA."  MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).