Tag: excessive fees

The pharmaceutical company was accused of charging unreasonable recordkeeping and administrative fees in a complaint filed last year.

A Pennsylvania federal judge ruled that an expert witness to the plaintiffs was unreliable, dismissing the argument that the plan...

A lawsuit against the Pennsylvania-based company has alleged the plan’s recordkeeper fees were higher –than average and that the plan...

A federal judge in Kentucky ruled in favor of the Humana Retirement Savings Plan with a summary judgment and dismissed...

San Francisco-based software company seeks a settlement in lawsuits that alleged the 401(k) plan charged participants excessive fees.

The amended complaint against the Hess Corp. alleges Hess plan fiduciaries provided target-date mutual funds instead of collective investment trusts...

Health care system 403(b) participant fees alleged to be too high in fiduciary breach case.   

Employees allege the Tyson Foods plan committee did not monitor and negotiate for reasonable recordkeeper fees.

Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for...

Plan participants working at Amazon subsidiary Whole Foods Market sued in Texas federal court.

The 10th Circuit has joined several other circuit courts in holding that a ‘meaningful benchmark’ must apply to 401(k) participant...

Industry advocates submitted a brief encouraging the 9th Circuit to rehear a decision against AT&T in a 2017 excessive fee...

The manufacturer was targeted for alleged fiduciary breaches in the management, operation and administration of the plan, according to the...

The suit, filed in Massachusetts federal court, alleges retirement plan fiduciaries caused participants to pay excessive fees to plan recordkeeper...

A former employee of Cedars-Sinai Medical Center alleges onerous plan fees and under-performing funds.

The class action proposal seeks to recover retirement plan losses allegedly caused by fiduciary breaches leading to ‘unreasonable’ fees.

The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.  

A federal judge in Michigan allowed the lawsuit against Magna International to go forward while denying one of the defendants’...

Six former employees lost their lawsuit against the auto parts company, that claimed it allowed 401(k) participants to pay excessive...

The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive...