An ESG Refresher as DOL Makes Progress on New Regs
Industry experts are watching for the imminent filing of new Department of Labor regulations pertaining to the use of environmental,...
Tag: ERISA
Participants Challenging Omnicom’s Use of Active TDF Suite See Most Claims Move Forward
A judge left until later the issue of whether passively managed funds and actively managed funds are proper comparators.
10th Circuit Affirms Great-West Fee Suit Dismissal
The district court ruling in the case, now backed by an appeals court, stands out for having been filed alongside...
401(a) Plan Sponsor’s Use of Asset Allocation Solution Challenged in Lawsuit
The suit says the solution directed participant contributions into high-cost investments.
ERISA Ruling in 5th Circuit Supports American Airlines Defendants
The appeals court has technically affirmed, vacated and reversed parts of a district court ruling that granted summary judgement against...
MetLife Accused of Favoring Proprietary Index Funds in 401(k)
The lawsuit suggests that MetLife had an imprudent and disloyal preference for its index fund products, in part because of...
Judge Allows Claims in ERISA Suit Against Prime Healthcare to Proceed
The lawsuit challenges the company's use of an active TDF suite in its 401(k) plan, among other things.
Confidential Settlement Reached in Excessive Fee Suit Against Voya
A previous court decision left only one claim in the lawsuit, which was related to fee disclosures.
Koch Industries Agrees to $4 Million Settlement of ERISA Excessive Fee Suit
The settlement includes a stipulation to perform a recordkeeper RFP.
Lawsuit Claims Yum! Brands Misclassified Employee, Denied Him Retirement Benefits
The complaint alleges that the plaintiff met the test for employee status per prior case law, but Yum misclassified him...
Judge Stays Land O’Lakes Lawsuit for Mediation
The Land O’Lakes defendants’ motion to dismiss the suit based on a lack of subject matter jurisdiction and failure to...
ERISA Lawsuit Filed Against AAA Carolinas
The plaintiffs in the case say that when the plan switched to cheaper share class TDFs, participant accounts should have been ‘repaired.’
Plaintiffs in T. Rowe Price ERISA Lawsuit Denied Interlocutory Appeal
The plaintiffs wanted an appellate court to decide whether a plan amendment requiring the use of T. Rowe Price funds...
Court Affirms Arrangement Between Sponsor and Recordkeeper Not a Prohibited Transaction
After reviewing a decision in an ERISA lawsuit against Banner Health, the 10th Circuit also found no reason to order...
Hidden Commissions, Fraud Alleged in New Fiduciary Breach Lawsuit
Plaintiffs in a lawsuit filed in Tennessee say their adviser never disclosed that he received a commission on the sale...
High Court Agrees to Review Northwestern University ERISA Suit
The review could clarify what qualifies as a plausible claim for relief in DC plan excessive fee suits.
DOL Addresses Question About Providing Audio Recordings to ERISA Claimants
The requirement to produce requested documents and the definition of relevant documents addressed in a DOL information letter applies to...
A DOL Fiduciary Rule and PTE Refresher
No matter if an adviser is a flat-fee registered investment adviser or a commission-based broker/dealer, the DOL says the collection...
$5.4 Million Settlement Negotiated in Transamerica ERISA Suit
The settlement agreement also calls for continued fiduciary training for trustees and continued use of an unaffiliated investment consultant.
Former Employee Claims DuPont Misled Him About Benefits Availability
A federal judge has found it plausible that DuPont was misleading, based on benefits notices sent to the former participant.