Judge Scales Back Claims Against Voya in Excessive Fee Suit
The only charge that survived regarded Voya providing “false and misleading” participant fee disclosures.
Tag: retirement plan fees
Excessive Fee Cases Continue With Lawsuit Against Cerner Corporation
The ERISA complaint includes familiar allegations that retirement plan fiduciaries failed to manage or monitor plan recordkeeping and investment fees.
Chemical Distributor’s U.S. DC Plan Subject of Excessive Fee Suit
The plaintiffs suggest that the task of evaluating investments has become simpler for plan fiduciaries and that prudent fiduciaries will...
Improving Readability of Participant Fee Disclosures
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
CareerBuilder Sued Over Excessive Fees for 401(k)
The complaint strongly points to revenue sharing payments between the plan and its recordkeepers and investment adviser, and says the...
Court Rejects Proposed Classes in Nationwide Asset-Based Fee Suit
The plaintiff was proposing a defendant class of all sponsors of smaller 401(k) plans that entered into program agreements with...
Safeway, Aon Agree to Settlement of Excessive Fee Suits
A total payment of $8.5 million will settle two lawsuits.
Court Dismisses Prohibited Transaction Claim in MIT Excessive Fee Suit
A federal court judge moved forward most claims, but granted summary judgment to Massachusetts Institute of Technology defendants for a...
Court Moves Forward Suit Over Plans’ Use of Retail Funds
The court decision in Lutz v. Kaleida Health reviews what it takes to be a retirement plan fiduciary and acknowledges...
Retirement Plan Excessive Fee Cases Continue to Move Down-Market
TriHealth Inc. has been accused of carrying high fees in its 401(k) plan, benchmarked against peer plans with an asset...
Lawsuit Says Money Market Fund Was Like ‘Stuffing Cash Into a Mattress’
BBVA Compass Bancshares is accused of failing to monitor investments and remove imprudent ones.
GWU Lawsuit Over Two Retirement Plans Dismissed
A federal court judge ultimately found that a participant in George Washington University’s two retirement plans had previously waived her...
Adidas Sued Over Excessive Fees for 401(k) Participants
Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively...
Fidelity Argues Infrastructure Fees Are Necessary
In support of its motion to dismiss a consolidated lawsuit, Fidelity argues that it is entitled to negotiate and collect...
Gucci Settles Excessive Fee Suit
The company will pay $1.2 million, of which, $395,000 goes to class counsel.
Use of Index Funds in 401(k)s Increasing
The use of index funds by plans in the BrightScope Defined Contribution Plan Database increased from 79% of plans and...
Settlement of MFS Excessive Fee Suit Includes Plan Design Changes
MFS has also agreed to pay $6,875,000 into a qualified settlement fund to resolve the claims of the court-approved class.
PSNC 2019: The Lessons From Litigation
Retirement plan sponsors can learn best practices from looking at the claims filed against their peers and the outcomes of...
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Fidelity Takes on Vanguard With Fee Reductions
Fidelity investments is announcing a 14% price reduction on its target-date funds (TDFs), resulting in most of those funds having...
Small 401(k) Plan Faces Excessive Fee Lawsuit
The less than $250 million plan is accused of failing to employ a prudent and loyal process in evaluating investment...