Lawsuit Says Plan Fiduciaries Should Have Chosen Less Expensive CITs
Though the majority of investment options for Estee Lauder’s 401(k) are CITs, the lawsuit argues the TDFs are more expensive...
Tag: ERISA
Costco’s Use of Actively Managed Funds in 401(k) Plan Lineup Called Out in Lawsuit
The warehouse club is also accused of breaching ERISA fiduciary duties by allowing the plan to pay ‘unreasonably high’ recordkeeping...
DOL Seeks Stricter Limits on ESG Investing Under ERISA
The proposed regulation would “confirm that ERISA requires plan fiduciaries to select investments and investment courses of action based solely...
IBM Stock Drop Lawsuit Remanded Back to District Court
The 2nd U.S. Circuit Court of Appeals has re-established its previous ruling in favor of the plaintiffs.
Retirement Plan Sued Over Special Valuation After March Market Crash
The plaintiffs in the lawsuit were waiting on distributions of their account valued at the end of last year when...
Lack of Index Funds Cited in Latest ERISA Lawsuit
The Oshkosh Corp. is accused of permitting excessive recordkeeping fees and inappropriately favoring expensive active management funds in its retirement...
Neuberger Berman 401(k) Plan Committee Agrees to Settle ERISA Suit
Prior to reaching the settlement agreement, the Neuberger Berman Value Equity Fund was removed as an investment option in the...
Excessive Recordkeeping Fees Alleged in KeyCorp ERISA Challenge
The complaint alleges that KeyCorp has failed to take advantage of recordkeeping market competition and the associated drop in average...
Fidelity Self-Dealing Case to Go to Trial on Zoom
In a letter filed in court, attorneys for the parties suggested ways to help streamline the trial and to eliminate...
Universal Health Faces Familiar ERISA Excessive Fee Claims
Among other alleged fiduciary violations, the defendants are accused of failing to consider lower cost collective trusts as alternatives to...
5th Circuit Affirms Lower Court’s Rejection of Phillips 66 ERISA Challenge
Like the district court ruling in the case, the appeals court says the plaintiffs have failed to adequately state an...
Can the DOL Effectively Police Pension Fiduciary Breaches Alone?
One attorney suggests the Supreme Court’s opinion in Thole v. U.S. Bank ‘pushes the ability of participants in a defined...
Parties in Emory University 403(b) Plan Lawsuit File Settlement Agreement
In addition to paying $16.75 million, the settlement agreement calls for a review of investments and a recordkeeping request for...
Has the Supreme Court ‘Gutted’ ERISA Protections for Pensioners?
Plaintiffs’ attorneys, bemoaning the new Supreme Court ruling in Thole v. U.S. Bank, say participants in defined benefit plans are...
Supreme Court Decision in Thole v. U.S. Bank Has Major Implications for Pensions
The ruling effectively establishes that individual pension plan participants cannot sue their employer for a fiduciary breach if their own...
Plan Sponsor, Provider Sued for Adding Untested CITs to 401(k)
The 92-page complaint includes a number of other allegations, including that the plan sponsor was motivated by its relationship with...
Court Finds Plan Sponsor Could Be Found Liable for Retirement Plan Cyberfraud
The plan sponsor had sued plan providers, but the providers in a counterclaim said the plan sponsor was equally liable.
Land O’ Lakes Faces 401(k) Excessive Fee Suit
The lawsuit also questions a fee arrangement between the plan’s recordkeeper and an advice provider.
JPMorgan Chase to Pay $9 Million to Settle 401(k) Self-Dealing Suit
The suit claimed conflicts of interest damaged net-of-fee performance.
Washington University 403(b) Challenge Revived by 8th Circuit
Parts of the lower court’s ruling against the plaintiffs’ claims have been rejected and remanded by the appeals court.