Self-Dealing Suit Filed Against Mutual of Omaha
The complaint alleges fiduciaries of Mutual of Omaha’s 401(k) plan violated their fiduciary duties by selecting numerous investment options because...
Tag: retirement plan investments
Request to Appeal Class Certification Denied in Franklin Templeton Suit
The firm’s lawyers noted that the plaintiff signed an agreement not to pursue any class action claims, but a Supreme...
Hospital 403(b) Plan Faces Lawsuit Over Investment Share Class Selection
The plaintiffs claim plan fiduciaries repeatedly failed to monitor the share classes of mutual fund investments and to substitute less...
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Investment Products and Services Launches
State Street Global Advisors reveals latest SPDR ETFs, and Charles Schwab announces addition of 12 ETFs to OneSource.
Litigation Cautions Plan Sponsors to Evaluate Stable Value Funds
An analysis from Mayer Brown LLP attorneys offers helpful guidance for retirement plan fiduciaries thinking about making changes to their...
Union Fund Hit With Excessive Fee Suit
Similar to many excessive fee lawsuits filed against single-employer plans, the complaint accuses a multiemployer plan of failing to leverage...
Citigroup Proprietary Fund Suit Gets Class Certification
Before certifying a class in the litigation, a federal judge determined that the named plaintiffs need not have invested in...
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.
Nordstrom Faces 401(k) Plan Excessive Fee Suit
The lawsuit suggests Nordstrom should have offered managed accounts or collective investment trusts to participants in its 401(k) plan.