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

Featured Jobs

Experienced Employee Benefits Attorney

Shipman & Goodwin LLP
(Hartford CT / Stamford CT / Boston MA / Hybrid)

Shipman & Goodwin LLP logo

Consulting Actuary

Daybright Financial
(Remote)

Daybright Financial logo

Senior Client Success Manager

Independent Retirement
(Remote)

Independent Retirement logo

Manager of Client Service

EPIC RPS
(Remote / Norwich NY)

EPIC RPS logo

Director of Regulatory Operations and Compliance

PCS Retirement
(PA / Hybrid)

PCS Retirement logo

Relationship Manager – Defined Contributions

Daybright Financial
(Remote)

Daybright Financial logo

Plan Administrator

Stones River Consulting
(Remote / TN)

Stones River Consulting logo

Regional Sales Director-Heartland

July Business Services
(Remote / Waco TX / IL)

July Business Services logo

Plan Administration Analyst

EPIC RPS
(Remote)

EPIC RPS logo

Relationship Manager

Daybright Financial
(Remote)

Daybright Financial logo

Regional Sales Director-Mid Atlantic

July Business Services
(Waco TX / DC)

July Business Services logo

Internal Channel Sales Team Lead

July Business Services
(Remote / Waco TX)

July Business Services logo

Team Leader

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Consultant / Account Manager

Spectrum Pension Consultants (part of Daybright Financial)
(Remote / Tacoma WA / CA / OH)

Spectrum Pension Consultants (part of Daybright Financial) logo

Director, Strategic Accounts and Channel Development

July Business Services
(Remote / Waco TX)

July Business Services 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

Split Court Rulings Invite Pension Risk Transfer Claims Lacking Any Evidence of Wrongdoing or Harm
Encore Fiduciary Link to more items from this source
[Opinion]
June 16, 2025

"[A] federal court in Maryland ... [allowed] a group of class-action plaintiffs to continue their lawsuit challenging Lockheed Martin's decision to use Athene as the insurer for a pension risk transfer (PRT).... [K]ey takeaways: ... [1] Plaintiffs can unfairly advance their fiduciary claims -- even PRT claims -- without alleging any flaws or mistakes in the decision-making process undertaken by plan fiduciaries.... [2] PRT claims might well be won or lost on the issue of standing.... [3] Plaintiffs are already experimenting with unfounded and aggressive allegations to overcome their standing problem." [Konya v. Lockheed Martin Corp., No. 24-0750 (D. Md. Mar. 28, 2025); Camire v. Alcoa U.S.A. Corp., No. 24-1062 (D.D.C. Mar. 28, 2025)]  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).