Tag: ERISA Litigation

DST Systems Inc. was accused of mismanaging its profit-sharing 401(k) plan and failing to diversify the plan’s assets, which resulted...

The proposed class action brought by Twitter’s former head of people experience alleges Elon Musk and X Corp. violated ERISA...

The proposed class of participants in Washington University in St. Louis retirement plans was rejected by the same judge who...

A class action complaint brought against American, Fidelity and Edelman Financial Engines targets ESG 401(k) investments.

The complaint had taken issue with the plan’s use of the Fidelity Freedom Funds TDF series and its recordkeeping fees.

ERISA attorneys advised plan sponsors to shore up their cybersecurity efforts and continue regular benchmarking work.

The lawsuit alleges the company failed to regularly monitor plan investments or remove ones that became imprudent.

The lawsuit had accused the company of making imprudent investment choices.

The text of the new complaint closely resembles others from the increasingly well-known law firm Capozzi Adler, which has filed...

U.S. Magistrate Judge Sallie Kim called the plaintiffs’ claims ‘both internally inconsistent and illogical.’

The fiduciary breach lawsuit, which has now cleared the motion to dismiss stage, does not name Prudential as a defendant,...

According to the lead plaintiff, the DC plan in question offers only investment options that generate fees for SEI and...

Lubbock National Bank, the ESOP’s trustee, has also agreed to take steps that will ensure it fulfills its fiduciary obligations...

The court found plaintiffs failed to state a claim for relief based on ERISA’s duty to diversify and failed to...

In addition to a monetary payment, the university has agreed to structural changes to its 403(b) plans.

The 6th Circuit noted that Firestone Tire & Rubber Co. v. Bruch, in which an arbitrary-and-capricious standard of review is...

The suit challenges fees paid to provider TIAA.

An investigation conducted by the DOL found the past trustee had issued checks from the plan’s checking account to the...

Philips North America agreed to pay $17,000,000 to settle a 401(k) excessive fee suit one day after the complaint was...

A DOL investigation found the trustees used plan assets for businesses and properties owned by themselves and family members.