Tag: fiduciary duty

Sponsors have both legal and practical ramifications to weigh.

A holding company has agreed to settle a lawsuit that alleged fiduciaries of its ESOP plan enriched themselves and shortchanged...

Following a federal court order in Pennsylvania, the Pension Benefit Guaranty Corporation is nearer to forcing a bankrupt construction company...

The trial is confirmed to begin Monday, June 24, in Texas federal court.

Kohler Co., the Kohler Co. Pension Plan and pension plan beneficiary plaintiffs request the court’s approval of the settlement.

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

Retirement plan participants alleged fiduciary breaches occurred within the Houston-based health care system’s 401(k) and 403(b) plans.  

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

A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials,...

TIAA’s request to dismiss lawsuit alleging it used aggressive tactics to move participants from the plan into more costly managed...

A class of participants was certified in a federal district court lawsuit against American Airlines’ Plan for Pilots.  

The Pension Benefit Guaranty Corporation claims a shuttered California corporation’s CEO transferred plan assets to a business checking account.

For a second time, the 9th Circuit has resurrected a lawsuit that targeted the aerospace and defense company.  

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

The Pension Benefit Guaranty Corporation is seeking damages from a construction company after the PBGC took over its terminated pension...

The Department of Labor is continuing its enforcement push against profit-sharing plans.

A California plan sponsor has sued the provider it removed, 401(k) Easy, claiming the company perpetrated a scheme to defraud...

Federal court in Michigan dismisses a lawsuit brought against the Kellogg Company pension plan.   

Paychex plans to fight a New York retirement lawsuit, alleging fiduciary breach in federal court rather than state court.  

The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.