Plan Progress Webinar: What to Expect From a Retirement Plan Adviser
As plan sponsors look to evaluate their relationship with their financial advisers, experts say it is critical that advisers understand...
Tag: ERISA
Judge Dismisses ERISA Suit for Not Stating a Claim
A judge dismisses a suit against utility company Exelon, but leaves the door open for future proceedings.
Wake Forest University Retirement Plan Lawsuit Will Proceed
The plaintiffs’ claims survive the defendants’ motion to dismiss
Plaintiffs Move for Settlement Approval in 16-Year ERISA Case
The class action suit sought compensation for pension plan lump-sum payments whose value had been undercalculated.
Defendants Move to Dismiss Retirement Account Cyber-Theft Case
A total of $750,000 was stolen from a retirement account managed by the defendants—who, the plaintiff alleges, ignored many red...
Goldman Sachs Did Not Violate ERISA Requirements, Court Says
The judge rules that there is no evidence that Goldman Sachs acted either disloyally or imprudently with its employees’ defined...
Suit Claims Janus Henderson Favored Its Own Funds in 401(k) Plan
Case alleges firm put high-fee, underperforming proprietary funds in its retirement plan
Wilmington Trust Launches CIT Onboarding Tool
The tool for employer-sponsored plans seeks ‘democratization’ of the use of collective investment trusts.
DOL Recovers Millions for Wells Fargo Plan Participants
A settlement has been reached after an Employee Benefits Security Administration investigation.
ERISA’s 48th Anniversary Passes Without a Senate Vote on EBSA Head
Despite push from HELP Committee Chairwoman Patty Murray, Lisa Gomez’s nomination as assistant secretary of labor remains in limbo.
Appeals Court Backs Dismissal of J&J Stock-Drop Litigation
Plaintiffs in the now-dismissed case sought to establish that ‘corporate-insider fiduciaries’ violated their duties of prudence in the operation of...
Plaintiffs Clear Dismissal in Case Involving Prudential’s GoalMaker
The judge also denies a bid by the U.S. Chamber of Commerce to file a ‘friend of the court’ brief...
Metro Bank Founder, Wife Sued by DOL Over Profit-Sharing Plan Losses
The lawsuit suggests Vernon and Shirley Hill invested as much as 70% of a profit-sharing plan’s assets in the stock...
EBSA Issues New Audit Independence Guidance
A new bulletin addresses the ‘independence’ requirement for accountants who audit employee benefit plans under the Employee Retirement Income Security...
ADP Ruling Includes Cross-Selling Claims Dismissal
The mixed dismissal motion ruling, which sides mostly with the plaintiffs, agrees with the defense that certain data-sharing among providers...
Lawsuit Cites 401(k) Plan Omission of Target-Date Funds Among Problems
The target of a new Employee Retirement Income Security Act case is a plan sponsor with more than 20,000 participants...
UnitedHealth CFO Rex Is Named a Defendant in ERISA Lawsuit
Plaintiffs’ attorneys have filed an amended Employee Retirement Income Security Act complaint, adding two new claims.
Plaintiffs Claim AME Church Plan Is Subject to ERISA
A consolidated class action complaint claims that the church’s 401(k) plan elected to be governed by the Employee Retirement Income...
Plaintiffs Say Swiss Re Plan Fiduciaries Committed Breaches
The plaintiffs suggest their retirement plan’s fiduciaries failed to fully disclose the expenses and risk of the plan’s investment options...
Latest ERISA Complaint Targets Marmon Holdings
Similar groups of plaintiffs represented by law firm Capozzi Adler have met with mixed success in pursuing nearly identical claims.