Tag: Participant Lawsuits

An ERISA lawsuit filed against TIAA by employees of the University of Chicago and Nova Southeastern University has been dismissed by a federal judge, who ruled TIAA should...

All three lawsuits filed in New York district court argue the company improperly favored its own investment options within the retirement plan offered to workers; the firm flatly...

JPMorgan Chase Bank is now the target of another ERISA challenge against its own 401(k) plan, this one leveling many of the same complaints against the company found...

The underlying complaint suggests the retention of American Century's proprietary mutual funds in its own 401(k) has cost plan participants millions of dollars in excess fees.

The underlying stock drop litigation had already seen multiple rulings from a New York district court and the 2nd Circuit. 

A judge concluded that the legal and factual merits of plaintiffs’ claims are better resolved on a fuller factual record, either in the context of a motion for...

Federal agencies and initiatives carry significant momentum and must be redirected carefully, but forcefully, by any incoming president.

Speakers from the DOL will discuss basic fiduciary do’s and don’ts associated with operating an employer-sponsored retirement plan. 

The lawsuit alleges the defendants failed to loyally and prudently monitor the fees and performance of 401(k) plan investment options, and simply retained in-house funds to enrich T....

The insurance company will pay $3,000,000 to a settlement fund.

The plaintiff argues she was improperly fired to prevent her from fully vesting in pension and retirees healthcare benefits. 

Advicent introduced new client report integration capabilities in its latest update of the NaviPlan financial planning software. 

A participant who drew four loans from a retirement account over the years argues her provider inappropriately kept portions of interest payments that should have been credited back...

Fiduciaries have a lot of responsibilities, but they are not required to predict the future, and cannot be held liable for deciding to avoid risks that, in hindsight,...

A federal court judge has denied a motion to dismiss, allowing the case to move forward.

Plaintiffs from the Caterpillar retirement plan feel the price paid for advice was too high and was not transparently tied to the level of service delivered. 

“If there were any doubt about the best interpretation of the church-plan definition, it would be resolved by the position adopted and consistently applied by the IRS, DOL,...

Defendants unsuccessfully argued that the breach of fiduciary claims should be dismissed because they fulfilled their duties by offering an array of investment options.