Tag: retirement plan litigation

Some 80% of companies were spending more than efficient pricing for 401(k) and 403(b) plans, Abernathy Daley 401k Consultants survey...

A Schlichter Bogard-led complaint alleges that providers pushed participants into retirement advice that led to TIAA annuity investments.

The pension fund sued Aon citing breach of contract, breach of fiduciary duty and negligence over accounting error.

Settlement comes about two years after initial complaint of fiduciary negligence and excessive fees.

Callan’s Defined Contribution Trends Survey revealed that plan sponsors had increased interest in DEI efforts and eliminating fees in 2022.

A federal judge has granted in part and denied in part, the Yale University motion for summary judgement.

Vernon and Shirley Hill will pay more than $2 million after claims the couple invested as much as 70% of...

The class action suit sought compensation for pension plan lump-sum payments whose value had been undercalculated.

The judge rules that there is no evidence that Goldman Sachs acted either disloyally or imprudently with its employees’ defined...

Plaintiffs in the now-dismissed case sought to establish that ‘corporate-insider fiduciaries’ violated their duties of prudence in the operation of...

The judge also denies a bid by the U.S. Chamber of Commerce to file a ‘friend of the court’ brief...

The mixed dismissal motion ruling, which sides mostly with the plaintiffs, agrees with the defense that certain data-sharing among providers...

The target of a new Employee Retirement Income Security Act case is a plan sponsor with more than 20,000 participants...

The plaintiffs suggest their retirement plan’s fiduciaries failed to fully disclose the expenses and risk of the plan’s investment options...

Similar groups of plaintiffs represented by law firm Capozzi Adler have met with mixed success in pursuing nearly identical claims.

An order against the firms, which were involved in lengthy litigation against Great-West, states that they behaved recklessly and unfairly...

The lawsuit comes as retirement plan sponsors and participants express increased interest in personalization and managed account services.

The defendants were accused of failing to monitor the average expense ratios charged to similarly sized plans for investment management...

Among the latest major employers to be sued under ERISA for alleged underperformance of default investment options are Marsh &...