Mixed Ruling Filed in NFP–flexPATH ERISA Lawsuit
The complicated ruling offers some support for the defendants’ arguments but allows other claims to proceed to discovery and trial.
Tag: ERISA
A Reminder to Avoid Fraudulent Hardship Withdrawals
An individual in Ohio was recently indicted by a grand jury on charges that he fraudulently claimed the assets he...
Yum! Brands Partly Defeats Retirement Plan Eligibility Lawsuit
The plaintiff sued to seek recognition of his years of employment from 1995 through 2020 for purposes of calculating his...
Court Denies Dismissal of Duke Energy ERISA Suit
The plaintiffs suggest the plan, its participants and beneficiaries have suffered ‘significant losses totaling millions of dollars,’ and a district...
NYC Courier Faces ERISA Breach Lawsuit
The DOL has accused the plan sponsor and plan administrator of failing to operate the employer-sponsored 401(k) plan in the...
Bessemer Trust Company Faces ERISA Self-Dealing Lawsuit
The plaintiffs say the firm’s retirement plan was stuffed full of high-cost, proprietary funds.
Judge Cites Recent Supreme Court Ruling in Denying Dismissal of Excessive Fee Suit
Participants in a terminated 403(b) plan challenged the use of actively managed funds and higher cost share classes.
Split Perspectives on Supreme Court’s New Ruling
Attorneys representing the plaintiffs in Hughes v. Northwestern University say the Supreme Court’s ruling strengthens fiduciary protections for retirement plan...
Texas Engineering Company Faces ERISA Excessive Fee Lawsuit
The plaintiffs also claim TDFs and other funds offered in the 401(k) plan were imprudent.
What the Supreme Court’s Northwestern Ruling Means in Practice
Expert ERISA attorneys say the new opinion in Hughes v. Northwestern University, while important, is far from earth-shattering when it...
Supreme Court Rules Against Northwestern University in Fee Case
The high court’s ruling states that the 7th U.S. Circuit Court of Appeals erred in relying on the fact that plaintiff-participants had the ‘ultimate choice’ over their investments...
Parties Reach Settlement in Case Over Use of Actively Managed TDF Suite
Meanwhile, the same law firm that filed the settled case has launched a new case with similar claims against another...
Court Compels Arbitration in ERISA Case
The plaintiff in a 403(b) ERISA excessive fee lawsuit filed against Baptist Health South Florida has been ordered by a district court to enter an arbitration process.
Class Certified in 401(k) Plan Trustees’ Lawsuit Against John Hancock
The suit alleges that John Hancock Life Insurance Co. violated ERISA by retaining foreign tax credits generated by plans’ investments...
PPL Corp. and Mass Brigham General Face ERISA Lawsuits
Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.
Lawsuit Alleges Choice of Target-Risk Funds Caused Losses to Participants
Milliman has been accused of failing to remove poorly performing investments, subadvised by its affiliate, from its 401(k) plan.
District Court Advances TriNet ERISA Lawsuit
The denial of the defense’s dismissal motion opens the door for either trial or settlement in an ERISA lawsuit that...
Bronson Healthcare to Pay $3 Million to Settle ERISA Lawsuit
The lawsuit challenged the use of an active suite of TDFs versus an index suite, among other things.
Judge Dismisses Most Claims in Intel ERISA Lawsuit
The new ruling, filed in favor of the defendants, is just the latest action in what has been a long-running...
Retirement Plan Advisers Might Help Lessen ERISA Lawsuits by Adding Defensive Provisions
Advisers can assist plan sponsors with mitigating and preventing claims for benefits and other Employee Retirement Income Security Act claims.