Compliance | November 7th, 2017 J.P. Morgan Agrees to Settle Stable Value Funds Suit The firm has agreed to pay $75 million to settle litigation brought by multiple retirement plan participants alleging J.P. Morgan...
Compliance | October 11th, 2017 Settlement Agreement Reached in Church Plan Challenge Many terms of the settlement agreement between St. Joseph’s Hospital and its pension plan participants are similar to provisions of...
Compliance | September 28th, 2017 General Electric Charged With Self-Dealing in 401(k) 401(k) participants claim GE retained underperforming proprietary funds in the plan so that its asset management arm could earn significant...
Compliance | September 25th, 2017 Participant Says ‘Large Plan’ Failed to Negotiate Better Fees An excessive fee lawsuit has been filed against fiduciaries of the Novitex Enterprise Solutions Retirement Savings Plan, a 401(k) plan...
Compliance | September 20th, 2017 Gucci Retirement Plan Sued for Charging Excessive Fees The complaint states that Gucci America was “particularly egregious” in regards to offering proprietary funds from its service provider Transamerica.
Compliance | September 20th, 2017 Essentia Health ERISA Suit Survives Motion to Dismiss Participants allege the company should have allowed a single recordkeeper to service its traditional DC plan and its 403(b) plan—and...
Compliance | September 19th, 2017 Voya Sued for Charging Excessive Fees to Small Retirement Plan A lawsuit alleges that asset-based fees led to the plan paying $1,819 per participant for recordkeeping services in 2015.