Tag: ERISA

As part of an excessive fee lawsuit against Shell Oil, Fidelity was named as a defendant and accused of breaching...

The investment firm has agreed to pay $9.65 million to resolve a fiduciary breach lawsuit, first filed in 2017, questioning...

Lander says her practice, Renaissance Benefit Advisors Group, thoroughly enjoys its independence.

Among the interesting points of legal discussion in the magistrate judge's report is an evaluation of the standard embraced by...

The financial services company is facing self-dealing allegations that closely echo those filed—with mixed results—against many of its industry peers.

The American Red Cross is accused of allowing excessive investment and recordkeeping fees in its 401(k) plan.

A newly filed settlement agreement stipulates that Norton Healthcare and Lockton will each pay half of a total settlement of $5.75 million, which will be used to compensate...

Related self-dealing claims made against other national financial services providers by participants in their own retirement plans have met varying...

The court found that plaintiffs were never given clear instructions for how to exhaust their administrative remedies for claims of...

The firm is accused of self-dealing in its retirement plan in violation of the Employee Retirement Income Security Act, to...

The proposed settlement agreement also includes non-monetary terms.

Much of the text of the complaint is dedicated to detailing the reduction in the average fees paid by large...

Allegations in the underlying lawsuit match those included in an emerging class of cases filed against large employers across the United States.

The judge ordered that the case proceed to trial on the merits in the absence of a voluntary resolution of...

In the coming days, the agency will publish related guidance for retirement investors, employee benefit plans and investment advice providers.

The decision means the fiduciary breach lawsuit filed against the Land O’Lakes dairy company will keep churning through the courts—or...

The underlying lawsuit involves claims that plan fiduciaries failed to adequately protect a participant’s account, allegedly resulting in the theft of funds.

The labor secretary nominee spoke proudly of his labor roots and his ties to Boston, while responding to varied questions...

The $800 million retirement plan in question is used by participants dispersed across 65 independent U.S. Coca-Cola bottlers.