Compliance | June 12th, 2023 Legal Complaint Targets Pfizer 401(k) Plan Committee, Board The class action proposal seeks to recover retirement plan losses allegedly caused by fiduciary breaches leading to ‘unreasonable’ fees.
Compliance | June 7th, 2023 Financial Services Company CoreLogic Targeted in ERISA Suit The lawsuit seeks to recover retirement plan losses due to alleged mismanagement of CoreLogic’s 401(k) retirement plan.
Compliance | June 6th, 2023 Car Parts Manufacturer Magna Denied 401(k) Lawsuit Exit A federal judge in Michigan allowed the lawsuit against Magna International to go forward while denying one of the defendants’...
Compliance | June 2nd, 2023 Churchill Holdings ESOP Participants Sue The lawsuit plaintiffs are ESOP participants holding vested shares of Churchill stock in their accounts who were employed at Churchill...
Administration | May 19th, 2023 Employers Discuss Why They Use Vendor Search Consultants Employers use the help of a consultant searching for employee benefit vendors, narrowly for certain tasks or pricing only and...
Compliance | May 18th, 2023 Hankey Group ESOP Sued in Attempt to Capitalize on COVID-19’s Economic Effects A former ESOP participant claims fiduciaries created conditions forcing the sale of participants’ assets by attempting to take advantage of...
Compliance | May 15th, 2023 ESOP Lawsuit Follows Sale to Private Equity Firm A New Jersey-based graphite manufacturer is alleged to have failed to operate the employee stock ownership plan in the best...
Compliance | May 11th, 2023 University of Vermont Medical Center Plan Sued for ERISA Breaches The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive...
Compliance | May 9th, 2023 Aon, Schneider Electric Agree to $200,000 Settlement Many claims from 2020 complaint were dismissed, leaving settlement subject to final approval at a September fairness hearing.
Compliance | May 8th, 2023 DOL Sues Shuttered Arizona Computer Company Profit-Sharing Plan The Department of Labor alleges a closed computer equipment supplier and services company abandoned responsibility for its profit-sharing plan in...
Benefits | May 1st, 2023 ERISA Lawsuit Against Kellogg Dismissed The retirement plan lawsuit, originally filed in 2020, alleged fiduciary breaches committed by the ERISA finance and administrative plan committee.
Compliance | April 28th, 2023 Federal Judge Dismisses Complaint Against HR Company TriNet The 2020 ERISA retirement lawsuit alleged fiduciary breaches committed by the retirement plan committee.
Compliance | April 27th, 2023 Oilfield Services Company Baker Hughes Faces ERISA Lawsuit A class action complaint filed in Texas alleges fiduciary breaches by the company’s 401(k) plan.
Compliance | April 25th, 2023 Judge Says 401(k) Litigants Should Prepare For Trial The 2020 excessive fees 401(k) lawsuit against a medical products manufacturer is on the eve of a trial.
Compliance | April 20th, 2023 Eversource Energy Agrees to Settle 401(k) Lawsuit for $15 Million The settlement from a case brought in 2020 received preliminary approval from a federal judge in Connecticut.
Compliance | April 19th, 2023 Mutual of America Agrees to $2.75 Million 401(k) Lawsuit Settlement Subject to court approval, the retirement plan services and investments provider will pay participants in a class action case who...
Benefits | April 17th, 2023 DOL Sues Profit-Sharing Retirement Plan of California Consultant The Department of Labor alleges an environmental consultant abandoned responsibility for its profit-sharing retirement plan in the late 1990s.
Compliance | April 11th, 2023 Car Parts Producer Faces Retirement Lawsuit The retirement plan for Tenneco Inc. employees is alleged to have committed two breaches of fiduciary duty.
Compliance | April 5th, 2023 Judge Denies Kimberly-Clark Corp.’s Motion to Dismiss A retirement plan lawsuit in federal court in Texas will advance against the manufacturer of paper products.
Compliance | March 24th, 2023 ERISA Suit Against SeaWorld Advances A federal judge rebuffed SeaWorld's motion to dismiss, but a second defendant was dismissed from the case.