Tag: excessive fees

A former employee claims that plan fiduciaries operating the Pfizer 401(k) Savings Plan breached their ERISA duties.

The 2020 retirement lawsuit alleged that the plan committee did not properly monitor recordkeeper and investing fees.

The lawsuit alleged that Deloitte’s 401(k) plan fees were excessive compared to similar plans.

The suit alleges Ventura did not monitor high fees and underperformance of the funds in its investment menu.

A federal district court bounced two fiduciary breach claims brought by participants against Ricoh USA, saying plaintiffs failed “to plausibly...

Class action lawsuit claims firm loaded its 401(k) plan with high-fee, underperforming proprietary funds.

Much of the ruling sides with plaintiffs and permits the case to move to discovery, but the defendants successfully defeat...

The plaintiffs claim familiar allegations pertaining to excessive recordkeeping and administrative fees.

The proposed class action lawsuit challenges excessive managed account fees and the retention of Financial Engines, the managed account service...

The plaintiffs in the case alleged various plan fiduciaries breached their duties under ERISA by allowing the payment of excessive...

The district court ruling in the case granted full dismissal of the excessive fee lawsuit, but the 6th Circuit has...

Case documents show the parties engaged in extensive negotiations before reaching a proposed $1.1 million settlement agreement.

The large medical-device-manufacturing organization is facing familiar fiduciary breach allegations in federal court in Indiana.

The complaint includes not just allegations of excessive fees, but also a charge that fiduciaries offered an underperforming stable value...

While some aspects of the plaintiffs’ complaint have been dismissed, the core allegations in the complaint can now proceed to...

The litigation was originally focused on fiduciary breach allegations leveled against a hospital network—claims which have since been settled—but it...

The complaint cites the Supreme Court’s recent ruling in Hughes v. Northwestern University while arguing the plaintiffs have sufficient standing...

The settlement includes both monetary and nonmonetary aspects.

The plaintiffs suggest the plan, its participants and beneficiaries have suffered ‘significant losses totaling millions of dollars,’ and a district...