Tag: retirement plan litigation

A judge has rejected the defendants’ arguments that the same reasoning applied by two circuit courts in other cases should...

The lawsuit claims that chasing low fees is currently “in vogue” and that fiduciaries gave no consideration to the funds’...

One fiduciary insurance executive says a spate of new ERISA lawsuits ‘demonstrates that no fiduciary is safe, since one can...

The pension fund had been under investigation for more than a year over an accounting error in 2020.

A new complaint against Booz Allen Hamilton alleges that ‘a simple weighing of the merits and features of all other...

The short appellate ruling notes that new precedents have overtaken some of the debates in the case.

The complaint alleges that an imprudent fiduciary process resulted in the selection and maintenance of several funds in the plan...

The defendants contest their process ensures that any fees paid by participants are reasonable and all services and investment offerings...

The gross settlement amount tops $1 million, of which a third can be used to pay the plaintiffs’ attorneys’ fees.

The plaintiffs say the defendants failed to leverage the size of Kellogg’s plan to secure reasonable fees for recordkeeping and...

The defendants are accused of paying unreasonable recordkeeping and administrative fees and offering imprudent share classes of certain investment options.

The arguments in the new lawsuit closely resemble those in cases previously filed by plaintiffs represented by the highly active...

The U.S. District Court for the Eastern District of Missouri has ruled in favor of the defendants in an Employee...

The defendant in the case, CommonSpirit Health, was accused of committing fiduciary breaches in the provision of an active target-date...

Employee Retirement Income Security Act lawsuits keep coming, as do loads of settlements.

Experts discussed what procedures plan sponsors can put in place and how to encourage participants to do their part in...

Plaintiffs say their employer is knowingly using outdated mortality tables and inflated interest rate assumptions that undervalue certain annuity benefits...

The claims put forward in the lawsuit closely resemble those in other cases filed by plaintiffs represented by the law...

The named defendants in the suit are the DENSO International America company alongside its board of directors and various committees...

Fiduciary breach claims are likely to spike—and win—if the two-pronged legislation is passed.