Lawsuit Alleges Fiduciaries Allowed Excessive Fees in Cognizant 401(k)
Fiduciaries are accused of failing to switch to and investigate the availability of lower-cost versions of funds offered in the plan.
Tag: retirement plan fees
After Dismissal, Parties in Cerner Excessive Fee Lawsuit to Discuss Settlement
A federal judge granted Cerner’s motion to dismiss the case then reopened it on the same day, announcing the parties were to discuss a potential settlement.
Excessive 401(k) Fee Suit Filed Against Parent Company of Victoria’s Secret
The lawsuit accuses plan fiduciaries of failing to benchmark recordkeeping fees and failing to monitor investment fees, among other things.
Reliance Trust Reaches Deal on 401(k) Excessive Fee, Self-Dealing Suit
Admitting no wrongdoing, Reliance Trust will pay $39.8 million to settle the case.
Nestle Sued Over Fees for Managed Accounts, Recordkeeping
The lawsuit contends that, in most cases, the managed account service added no material value to participants, creating asset allocations 'not materially different than' those of the age...
Northwestern University Case Plaintiffs Petition Supreme Court
The high court has been asked to weigh in on whether allegations that investment fees charged were excessive compared to other investments is sufficient to state a claim...
MGM Resorts 401(k) Joins List of Excessive Fee Lawsuit Targets
The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things.
ERISA Excessive Fee, Self-Dealing Suit Targets MEP
Pentegra Retirement Services and other plan fiduciaries are accused of failing to make sure fees are reasonable and acting in Pentegra’s, not plan participants', interest.
Biogen Faced With Lawsuit About Use of Active TDF Suite
The lawsuit is one of many filed recently claiming that the use of an index suite of Fidelity TDFs is more prudent.
ERISA Excessive Fee Suit Filed Against NVIDIA Corp.
Allegations in the lawsuit mirror those of the many excessive fee suits filed against retirement plan sponsors.
Medical Device Manufacturer Hit With ERISA Excessive Fee Suit
The case against B. Braun Medical contains allegations similar to those in many complaints filed this year.
iHeart 401(k) Plan Fiduciaries Targeted in Excessive Fee Suit
The allegations basically mirror those included in the long list of excessive fee suits filed.
Another Lawsuit Scrutinizes Use of Active TDF Suite in 401(k) Plan
Prime Healthcare Services is one of the latest targets of an ERISA 401(k) excessive fee suit.
LinkedIn Now on Long List of Plan Sponsors Facing Excessive Fee Lawsuits
Defendants are accused of failing to use the lowest cost share class for many of the funds in the plan and failing to consider CITs and index funds...
$39.5 Million Settlement Agreed to in DC Plan Excessive Fee Suit
McKinsey & Co. and an RIA it owned were accused of ERISA violations that included prohibited transactions.
Mercy Health Charged With Excessive Fees, Prohibited Transactions
The lawsuit challenges fees for recordkeeping, target-date funds and stable value funds, as well as fees paid to service providers to the health care system's 403(b) plan.
SEC Charges VALIC Financial Advisors With Deceptive Sales Practics
The firm was also charged with mutual fund share class violations.
Latest 401(k) Excessive Fee Suit Targets Matthews International
Though similar to other lawsuits, arguments about excessive recordkeeping fees are featured early and prominently in the complaint and strongly criticize the recordkeeper, even though it is not...
403(b) Plan’s Use of Actively Managed TDFs Challenged in Lawsuit
The lawsuit also accuses plan fiduciaries of failing to monitor total plan costs.
Estee Lauder Faces 401(k) Plan Excessive Fee Lawsuit
The lawsuit argues that while the TDFs in the plan are CITs, they are private label CITs with much higher expense ratios than the typical CITs offered by...