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“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
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Search the News Archive
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489 Matching News Items |
| 1. |
planadviser; registration may be required
Aug. 17, 2008
Excerpt: In a Nationwide case, a judge rules that fiduciaries can bring contribution and indemnification claims against co-fiduciaries under ERISA. A federal judge in Connecticut ruled that while Nationwide Financial Services can legally countersue trustees of five 401(k) plans in a revenue sharing dispute, such counterclaims would be unsuccessful in this case.
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| 2. |
planadviser; registration may be required
Sept. 23, 2019
"A judge ultimately decided the plaintiff can only assert an action against Nationwide and her plan sponsor, and each of the 250,000 putative class members can only assert causes of action against Nationwide and their own plan sponsors." [Brown v. Nationwide Ins. Co., No. 17-558 (S.D. Ohio Sept. 19, 2019)]
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| 3. |
Journal of Accountancy
Nov. 4, 2015
"The accounts have the same contribution limits and withdrawal rules as private-sector Roth IRAs.... [S]ingle individuals must have an adjusted gross income below $131,000, or married couples filing jointly no more than $193,000 ... Contributions for 2015 may not exceed the lesser of $5,500 (plus a $1,000 catch-up contribution for individuals 50 years of age or older) or 100% of compensation."
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| 4. |
Dan Solin in The Huffington Post
Aug. 6, 2010
"The trustee plaintiffs seek to certify a class of all trustees of all 401(k) plans that had variable annuity agreements with Nationwide from the first date Nationwide began receiving payments from mutual funds based on a percentage of the assets invested in the funds by Nationwide."
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| 5. |
Proskauer Rose
Dec. 4, 2009
Excerpt: Plaintiffs contend that Nationwide used its aggregation of plan investments to extract revenue sharing payments from mutual funds in exchange for investing the plan assets with those mutual funds. According to plaintiffs, Nationwide was a plan fiduciary because, even though the plan trustees selected the funds to offer in each plan, Nationwide acted as a gatekeeper in fund selection by determining the pool of mutual funds from which the plan trustees could select.
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| 6. |
Moss Adams LLP
Sept. 8, 2025
"[The district court] decision significantly changes the HIPAA landscape by eliminating compliance obligations related to reproductive health, such as policies, procedures, attestation forms, and training. However, health care providers and organizations must continue to comply with HIPAA's Privacy Rule regarding the privacy of protected health information (PHI) and heed state laws that may provide enhanced privacy for this specific category of health information." [Purl v. HHS, No. 24-0228 (N.D. Tex. Jun. 18, 2025)]
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| 7. |
Bloomberg BNA
Feb. 28, 2019
"The lawsuit claims Nationwide's practice of charging a flat, 1 percent fee for administrative services allowed the company to collect fees that were nearly 10 times the median fee throughout the industry. Nationwide at one point received $625 per investor, per year, for servicing a 401(k) plan covering fewer than 30 people, when a reasonable fee would have been closer to $64, according to the complaint."
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| 8. |
Bloomberg BNA
June 28, 2017
"The lawsuit, filed June 27 by a participant in a small 401(k) plan sponsored by Andrus Wagstaff PC, says Nationwide's practice of charging a flat, 1 percent fee for administrative services allowed the company to collect fees that were nearly 10 times the median fee throughout the industry."
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| 9. |
Center for American Progress
June 15, 2017
"Nationwide, [the authors] estimate that the essential health benefit waivers would result in annual caps on benefits for nearly 27 million Americans with employer-based coverage. About 20 million people with employer-based coverage would face lifetime limits on coverage."
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| 10. |
The Lowenbaum Partnership and FRA PlanTools
Dec. 15, 2014
"Originally filed in 2001, the lawsuit concerned the plaintiffs' allegation that Nationwide received undisclosed revenue sharing payments from non-proprietary mutual funds in violation of ERISA.... The settlement also calls for extensive non-monetary relief ... [T]his is the most substantial settlement ever in an ERISA fiduciary breach case involving the receipt of revenue sharing by a service provider."
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