Compliance | September 30th, 2021 Court Rules in Favor of Prudential in ERISA Dispute The detailed dismissal ruling engages in an analysis of all five counts included in the plaintiff’s amended complaint, in each...
Compliance | September 17th, 2021 Nvidia ERISA Lawsuit Dismissed With Leave to Amend Though the order shows support for the plaintiffs’ arguments regarding their Constitutional standing to sue their employer for alleged retirement...
Compliance | August 17th, 2021 Lack of Revenue Sharing Questioned in ERISA Lawsuit Retirement plan fiduciary breach lawsuits question the use of revenue sharing far more commonly than they criticize its absence.
Compliance | June 10th, 2021 ‘Down Market’ ERISA Suit Nets $1.8M Settlement CDI Corp. admits no wrongdoing in the settlement agreement, which closely resembles settlements reached in other excessive fee suits, apart...
Compliance | June 7th, 2021 Serco Reaches $1.2 Million Settlement in Excessive Fee Class Action Suit The suit had charged the Navy defense contractor with selecting mutual funds with an average expense ratio of 0.81% when...
Compliance | May 6th, 2021 Court Denies Dismissal of Quest Diagnostics ERISA Lawsuit In the brief ruling, the district court judge says the plaintiffs have provided sufficient introductory evidence to make discovery in...
Data and Research | May 1st, 2018 Report Lays Out Causes and Consequences of ERISA Lawsuits The rise in lawsuits is prompting more sponsors to turn to lower-cost index funds—and could prevent them from offering lifetime...
Compliance | January 16th, 2018 Vanderbilt University 403(b) Plan Suit Continues to Next Stage While some claims were dismissed, others were moved forward.
Data and Research | December 15th, 2017 401(k) Fees Can Cost an Average Working Couple More Than $150K For someone making $90,000 a year, that would jump to $277K, America's Best 401k says.
Compliance | November 20th, 2017 NYU Participants File Second Excessive Fee Complaint In the new complaint, participants attempt to offer more evidence for claims that were dismissed in another pending lawsuit.
Compliance | October 3rd, 2017 TDF Underlying Funds and Revenue-Sharing Disclosure Claims Dismissed in Lawsuit The participant only prevailed in moving forward a claim that Verizon allowed an imprudent investment option to continue to be...
Compliance | September 25th, 2017 Participant Says ‘Large Plan’ Failed to Negotiate Better Fees An excessive fee lawsuit has been filed against fiduciaries of the Novitex Enterprise Solutions Retirement Savings Plan, a 401(k) plan...