Walgreen Co. Gets Rid of TDFs in Lawsuit Settlement
In addition to confirming the removal of challenged target-date funds, the defendants in the suit have agreed to a payment...
Tag: ERISA
Another Lawsuit Challenges Plan’s Use of Asset Allocation Service
Among other things, the plaintiffs allege the GoalMaker service disfavored funds in the plan’s investment menu that did not pay...
Plaintiffs Ask Supreme Court to Take Up Case Against CalSavers
They say ERISA pre-empts the state-run retirement program, therefore invalidating it, but that argument has been previously rejected by both...
Parties in Church Plan Lawsuit Finally Get Preliminary Approval of Settlement
A judge found the interests of a subclass of terminated, vested participants were adequately protected in a newly proposed settlement.
Judge Finds Separation Agreement Precludes ERISA Suit
A court found the terms of the agreement were broad enough to reject the plaintiff’s argument that he should be...
Court Addresses ERISA Coverage of Voluntary Benefit
A court found an employer ‘contributed’ to a supplemental AD&D policy by paying for basic AD&D insurance and that it...
Latest ERISA Fee Lawsuit Targets Deloitte
The plaintiffs suggest that two sizeable Deloitte retirement plans should have been able to negotiate a recordkeeping cost in the...
Aon Wins Lawsuit Over Investments in Lowe’s Cos. 401(k)
A judge found Aon didn’t violate ERISA when encouraging Lowe’s to change the plan’s investment menu or by selecting and...
2021 HSA Review: Plan Sponsor Duties With Regard to HSAs
Experts shared what responsibilities employers have for their HSA benefit and what actions can trigger ERISA governance of it.
New Complaint Targets TIAA’s Managed Account Rollovers
Earlier this year, the firm settled similar charges from the SEC and the New York attorney general accusing it of...
TriHealth ERISA Dispute Dismissed
While the size and structure of retirement plans are relevant to the reasonableness of the administrative fees they pay, similarly...
Appellate Court Rejects Use of Segal Blend in Calculating Withdrawal Liability
Because appellate court decisions carry weight with lower courts in a circuit, the ruling could increase the risk for multiemployer...
Long-Running AT&T ERISA Dispute Sees Summary Dismissal
The court concluded that the defendants present extensive evidence that they acted prudently in monitoring the plan’s recordkeeping expenses.
Allstate ERISA Lawsuit Clears Dismissal Motions
The text of the ruling includes detailed analysis of what it takes for ERISA plaintiffs to prove standing under Article...
Court Rules in Favor of Prudential in ERISA Dispute
The detailed dismissal ruling engages in an analysis of all five counts included in the plaintiff’s amended complaint, in each...
Northern Trust Added as Defendant in AutoZone ERISA Lawsuit
Northern Trust is accused of giving AutoZone bad direction regarding investments in Prudential’s GoalMaker solution, allegedly due to a conflict...
Another Excessive Fee Lawsuit Beats Dismissal Motions
The ruling rejects the defense’s dismissal motions and includes a detailed analysis of what is required for ERISA plaintiffs to...
Plan Fiduciaries Can’t Escape Lawsuit Over Investment in Aon CITs
Duty of prudence and prohibited transaction claims will move forward against the Centerra Group plan fiduciaries and Aon Hewitt, which...
Nvidia ERISA Lawsuit Dismissed With Leave to Amend
Though the order shows support for the plaintiffs’ arguments regarding their Constitutional standing to sue their employer for alleged retirement...
DuPont Plan Participants Claim Arbitrary Interpretation Reduced Their Pension Benefits
The complaint says Corteva Inc.’s ‘sleight of hand’ when determining when to label employees that were part of a spinoff...