Tag: 401(k) Litigation

A federal judge called the plaintiff’s claims ‘impermissibly broad,’ but gave the plaintiff a chance to submit a revised complaint.

The issue affected Fidelity retirement plan accounts at UC Davis and other schools in the University of California system.

An ERISA consultant and expert witness in 401(k) litigation details how advisers can best prepare for potential class action suits.

A new complaint is filed and others are moved ahead involving Bank of America, Intuit and Qualcomm.

Judge rules for Tyson in employee lawsuit alleging the company overcharged participants for bundled recordkeeper fees and failing to solicit...

A proposed class action complaint filed by law firm Schlichter Bogard claims TIAA’s strategy steered participants to its own retirement...

Jason Roberts’ ERISA legal practice aims to represent the broader footprint of its services while also bringing on Matthew Eickman...

ERISA experts also suggest that longer-term court rulings could lessen regulatory flip-flopping.

Schlichter Bogard LLP files a lawsuit against General Electric for completing a pension risk transfer with Athene, joining suits against AT&T and Lockheed...

Plaintiffs allege Sonoco’s plan committee did not regularly put out requests for proposal to recordkeepers to reduce plan fees for...

The final story in this quarter’s PLANADVISER In-Depth series considers 401(k) litigation’s present and future.

A 401(k) complaint alleging fiduciary imprudence was rebutted in a 70-page review of the committee’s selection and review process.

Fiduciary expert says the plaintiffs’ use of Form 5500s to measure fees creates erroneous comparisons, and he recommends its new...

Euclid Fiduciary’s litigation summary shows a dip in lawsuits in 2023, but signs of an uptick this year.

Sean Duffy, investment & fiduciary consultant with Conrad Siegel, notes key cases and learnings from the year in 401(k) litigation.

The company argues in the filing that its fiduciaries followed IRS guidance on how unused retirement assets can be used.

Attorneys from Faegre Drinker Biddle & Reath LLP discuss qualified retirement plan litigation trends for the new year.

The plaintiffs’ complaint included a detailed comparison of allegedly similar, lower-cost recordkeeper fees for the plan with $3.2B in assets.

A lawsuit filed in Minnesota federal court claims an independent advisory deceived participants by taking loans from their accounts for...