MetLife Accused of Disloyalty in ERISA Suit
The lawsuit claims MetLife offered its proprietary index funds in its 401(k) plan for its own self-interest and didn’t try...
Tag: ERISA
Judge Moves Forward Lawsuit Challenging Use of Active TDF Suite
She found the allegations were sufficient to plausibly allege a fiduciary breach and said the determination for appropriate benchmarks for...
Voya Reaches Confidential Settlement in Excessive Recordkeeping Fee Suit
A judge previously dismissed claims related to excessive recordkeeping fees but let stand a claim related to providing ‘false and...
Koch Industries Lawsuit Settlement Includes Recordkeeper Search
The memorandum in support of the settlement agreement says the plaintiffs in the case want to avoid the risk that...
Worker Misclassification Alleged in ERISA Lawsuit
A man who worked for Yum! Brands for 25 years says he was denied retirement and other benefits because the...
Land O’Lakes Lawsuit Stayed for Mediation
The judge in the fiduciary breach lawsuit has approved a joint motion to stay the proceedings while the parties engaged...
AAA Club Faces ERISA Lawsuit
The plaintiffs say prudent practices followed before a merger of retirement plans were not followed after, and they claim that...
Participants Suing T. Rowe Price Denied Interlocutory Appeal on Document Issue
Plaintiffs in a lawsuit against the financial firm wanted an appellate court to weigh in on whether a document mandating...
Appellate Court Sees No Need to Force RFP Process
The court also concluded that because Banner Health and its recordkeeper had no prior relationship and their service arrangement was...
Plaintiffs Allege Adviser Committed Fraud, Assessed Hidden Commissions
The plaintiffs in a new fiduciary breach lawsuit say they have been misled by a financial adviser into buying commission-based...
Supreme Court Agrees to Consider Question About Plausible Claims in Excessive Fee Cases
The high court granted a writ of certiorari requested by plaintiffs in a lawsuit against Northwestern University over fees in...
DOL Clarifies Its Stance on Providing Conversation Recordings, Transcripts to Benefit Claimants
The claims regulation referenced in a DOL information letter applies to both health and welfare plans and retirement plans, but...
PSNC 2021: A Checklist for Your Retirement Plan Committee
It’s important to assemble the right people with the right tools to make a retirement plan committee as efficient as...
Transamerica Agrees to Settle ERISA Suit
The settlement agreement includes both a $5.4 million payment and non-monetary relief.
Judge Agrees Pension Communication Was Not Clear
A former participant in DuPont’s DB plan claimed that confusing benefit statements caused him to miss out on years of...
PSNC 2021: Fiduciary Mistakes to Avoid
ERISA attorneys advised plan sponsors to shore up their cybersecurity efforts and continue regular benchmarking work.
Is Past Service Counted for Eligibility for Previous Student Employees?
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
MetLife Actuarial Equivalence ERISA Lawsuit Can Proceed
A district court has ruled that plaintiffs have raised sufficient factual questions to make preliminary dismissal of their challenge inappropriate—though...
Board Defendants Escape ERISA Excessive Fee Lawsuit
Claims in a lawsuit against Konica Minolta were significantly pared down and all claims against the company’s board were dismissed...
Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the...