Don’t Wait to Enforce Liens on Plan Overpayments
ERISA attorney Nancy Ross explains why it’s essential for plan sponsors to understand how liens work under ERISA—and how an...
Tag: Litigation
Plan Sponsor Errors At Heart of Appeals Court Ruling
Proper procedure is absolutely essential when it comes to fielding ERISA claims, as one plan sponsor has had to learn...
State Street’s Handling of GM Stock for 401(k) Gets Court Blessing
An appellate court found State Street’s process to review the GM stock investment was prudent.
Novant Health Agrees to Settle Excessive Fee Suit
However, in a statement of non-opposition filed with the court, Novant said it disagrees with the claims.
Duty to Monitor Fiduciaries Does Not Include Duty to Inform
BP has won dismissal of several claims that it failed to monitor fiduciaries who oversaw company stock investments in its...
Does the Intel Retirement Plans Case Have Merit?
PLANSPONSOR reached out to Marcia Wagner, principle with Wagner Law Group in Boston, for comments about the case.
Settlement Terms and Price Tag Revealed in Boeing Fee Case
The retirement planning industry already knew Boeing would settle the nearly decade-old 401(k) litigation, but a trove of new details...
ESOP Participants’ Breach Claims Not Supported
Participants in an ESOP that purchased shares with a loan from the sponsoring employer made allegations that were not backed...
Intel Lawsuit Questions Custom Target-Date Fund Construction
The lawsuit also hints that certain “best practices,” in part, resulted in many participants being improperly invested.
Fiduciaries Ordered to Restore Withheld 401(k) Contributions
A construction company ceased operations in 2013 and has not paid 401(k) participants their plan assets, according to a lawsuit.
Participants Sue Allianz Retirement Plan Fiduciaries
A lawsuit filed by two participants in an Allianz retirement plan claims the company and its asset management partners, including...
Nearly $1M Left in Abandoned 401(k)
The DOL says a defunct company started plan termination procedures, but failed to complete the termination before ceasing operations.
DOL Accuses ESOP Fiduciaries of Prohibited Transactions
A lawsuit says BAT Masonry was valued at $13 million less than what its ESOP paid for company stock.
DOL Seeks More than $1.6M in Losses for Profit Sharing Plan
A health care company filed no annual reports, did not perform valuations and took more than $1.6 million in improper...
Boeing Settles ‘Spano’ Fee Case
Plaintiffs’ attorney in the case confirms provisional settlement has been reached in class action filed on behalf of 190,000 Boeing...
Whistleblowers Remedied Following ERISA Challenge
The DOL says officials at Cement Masons Southern California Trust Funds illegally retaliated against a whistleblower who flagged ERISA violations.
Court Affirms Dismissal of Verizon Pension Risk Transfer Suit
An appellate court ruled that the decisions to amend the plan and transfer certain assets to an annuity contract were...
DOL Says Company Kept Employee 401(k) Contributions
A construction company ceased operations in 2013 and has not paid 401(k) participants their plan assets, according to a lawsuit.
Trial Date Set for Boeing 401(k) Fee Case
Plaintiffs in the case allege that Boeing breached ERISA fiduciary duties by permitting excessive fees to be charged to 401(k)...