Participant Files Suit Over Advisory Fee Breakdown
A retirement plan participant accuses a well-known plan provider of delivering “no material services” in connection with certain advisory fees.
Tag: Litigation
Sponsor Faces Class Action Challenge Alleging Self-Dealing
The complaint cites portions of key Northrop Grumman plan documents, challenging the process by which the company assembled and monitored...
Opinions |
Key Recent Decisions in Employer Stock Plan Litigation
Corey Rosen, founder of the National Center for Employee Ownership, discusses key rulings in company stock litigation against retirement plan...
Debt Owed to 401(k) Plan Not Dischargeable in Bankruptcy
A court said since the amount owed to the 401(k) plan was due to the fiduciary not performing his duties...
Fiduciaries Ordered to Restore More Than $200K to 401(k) Plan
A now-defunct medical research company failed to remit employer and employee contributions to the plan between 2010 and 2013.
Chevron Wins Dismissal of ERISA Challenge
An Employee Retirement Income Security Act (ERISA) lawsuit filed by participants in a Chevron Corporation defined contribution (DC) plan has...
Safeway Faces Lawsuit Over TDF Fees
The lawsuit also calls out excessive revenue-sharing and recordkeeping fees.
Adviser Advocacy Group Backs Fiduciary Rule
Filing a “friend of the court” brief in support of the DOL’s new fiduciary rule, the Financial Planning Coalition argues...
Fidelity Faces Float Income Suit from HP, United Employees
Participants filed the proposed class action lawsuit despite the fact that the firm has already been successful in defending practices...
Self-Dealing Suit Questions Investment Lineup Prudence
Similar to other self-dealing suits recently filed against well-known retirement plan providers, Edward Jones is accused of favoring its own...
SunTrust Stock-Drop Complaint Moves Forward Post-Dudenhoeffer
The case has an extensive procedural history and is one among a handful of lawsuits winning reconsideration after the Supreme...
EBSA Says Plan Consultant Mistreated Small Businesses
Improper asset transfers and process failures are at the heart of a complaint filed by EBSA on behalf of clients...
Morgan Stanley Facing Excessive-Fee, Self-Dealing Lawsuit
The lawsuit claims the investment manager selected and retained relatively high-cost and poor-performing investment options for its 401(k) plan, some...
Law Firm Files Four More Lawsuits Against University 403(b) Plans
This is the second lawsuit filed against Columbia University this week.
What the 403(b) Excessive Fee Lawsuits Do Not Consider
Attorneys point out distinctions between 403(b)s and 401(k)s, and lessons 403(b) plan sponsors can learn from recent lawsuits.
Columbia University Target of ERISA Excessive Fee Suit
The lawsuit claims the university’s 403(b) plans’ investment options were imprudent and expensive.
More University 403(b) Plans Targeted in Excessive Fee Suits
The complaints are nearly identical, with a few exceptions.
Claims Survive Dismissal in Allianz Self-Dealing Suit
A district court’s decision allowing self-dealing accusations against Allianz to proceed offers some important points of consideration for plan officials,...
Duke University Employees Sue Over 403(b) Plan
The suit calls out the traditional 403(b) plan model of offering multiple funds, including individual annuities, and using multiple recordkeepers.
University DC Plans Latest Target of ERISA Complaints
It’s not just private, for-profit employers who are being accused of fiduciary breaches by ERISA litigators.