Tag: retirement plan litigation

The lawsuit is one of many filed recently claiming that the use of an index suite of Fidelity TDFs is more prudent.

Allegations in the lawsuit mirror those of the many excessive fee suits filed against retirement plan sponsors.

The case against B. Braun Medical contains allegations similar to those in many complaints filed this year.

The New England Teamsters and Trucking Industry Pension Fund, in its long-running legal attempt to collect withdrawal liability, has filed a petition with the U.S. Supreme Court.

A court ordered Colgate-Palmolive to recalculate benefits paid to certain retirees from its cash balance plan but stayed the relief to allow time for an appeal.

The suit alleged excessive fees were paid to the recordkeeper of the company's 401(k) plan through undisclosed revenue sharing.

The allegations basically mirror those included in the long list of excessive fee suits filed.

Prime Healthcare Services is one of the latest targets of an ERISA 401(k) excessive fee suit.

Former employees of the company who were brought on through the 2008 Safeco acquisition say Liberty Mutual is failing to live up to promises it made to provide...

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...

McKinsey & Co. and an RIA it owned were accused of ERISA violations that included prohibited transactions.

Since an influential Supreme Court ruling known as Dudenhoeffer, plaintiffs have struggled to defeat dismissal motions in so-call stock-drop lawsuits, but a new panel ruling in the 4th...

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.

A federal judge granted summary judgment to American Airlines in a suit challenging the use of the AA Credit Union Fund in its 401(k).

The case is yet another example of Employee Retirement Income Security Act (ERISA) litigation to question the use of actively managed default investments.

Several interim rulings have been handed down in the case, which asks some key questions about the meaning of the term ‘actuarial equivalence’ in the context of ERISA...

In addition to a $10 million payment to a settlement fund, the agreement calls for fee reviews and analyses to occur on at least a triannual basis.

In addition to the payment into a settlement fund, Princeton has agreed to what the settlement agreement calls “therapeutic relief,” including a pledge to not raise fees. 

The medical testing company is already facing scrutiny for its use of actively managed investments within its retirement plan; it is now the subject of a broader excessive...

The lawsuit alleges a series of bad-faith dealings were made that caused losses to the ESOP while benefiting executives.