Tag: retirement plan litigation

A lawsuit says the organization offered ‘untested’ target-date funds and that those funds and others were more expensive than other funds available to use in its 401(k) plan.

A former employee claims he wasn’t told he could repay to the company’s retirement plan his previous distribution and that...

The agreement, in which Costco admits no wrongdoing, also includes mandatory changes to the plan’s fee management process.

An employee has sued the company for not being able to defer a percentage of his tip wages into the...

The case has a complex procedural history that has seen rulings issued both in favor of the plaintiffs and in...

The case had been stayed in mid-2021 to give the parties a chance to explore mediation—a process that has now...

According to the complaint, participants in the company’s 401(k) plan were harmed by paying higher fees than participants in similarly...

The lawsuit represents yet another case of a sub-$1 billion retirement plan finding itself the subject of excessive recordkeeping fee...

The complicated ruling offers some support for the defendants’ arguments but allows other claims to proceed to discovery and trial.

An individual in Ohio was recently indicted by a grand jury on charges that he fraudulently claimed the assets he...

The plaintiff sued to seek recognition of his years of employment from 1995 through 2020 for purposes of calculating his...

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

The DOL has accused the plan sponsor and plan administrator of failing to operate the employer-sponsored 401(k) plan in the...

The plaintiffs say the firm’s retirement plan was stuffed full of high-cost, proprietary funds.

Participants in a terminated 403(b) plan challenged the use of actively managed funds and higher cost share classes.

Attorneys representing the plaintiffs in Hughes v. Northwestern University say the Supreme Court’s ruling strengthens fiduciary protections for retirement plan...

The plaintiffs also claim TDFs and other funds offered in the 401(k) plan were imprudent.

The high court’s ruling states that the 7th U.S. Circuit Court of Appeals erred in relying on the fact that plaintiff-participants had the ‘ultimate choice’ over their investments...

Meanwhile, the same law firm that filed the settled case has launched a new case with similar claims against another...