Considerations for Retirement Plan Sponsors after Tibble Ruling
The U.S. Supreme Court has taken a modest step to ensure the fiduciary “duty to monitor” retirement plan investments is...
Tag: Litigation
Supreme Court Reaches Decision in Tibble v. Edison
The Supreme Court has vacated and remanded the specifics in the Tibble v. Edison fee case, but its decision seems to...
DOL Sues Bank for Excessive Retirement Plan Fees
A lawsuit says City National Profit Sharing Plan fiduciaries engaged in self-dealing and conflicted transactions.
Court Finds Fraud in Failure to Investigate Participant Concern
A retirement plan participant questioned his projected retirement benefit and a plan representative assured him it was correct, without further...
Calmer Perspectives on Tibble Fee Case
Despite enormous industry attention paid to the case, some attorneys say a pending Supreme Court decision in the Tibble vs....
Real Estate Services Firm Settles Stock Drop Case
LandAmerica Financial Group will pay $5 million to settle claims it held company stock in its 401(k) plan when it...
Fiduciaries to Pay $485K for Failing to Forward Payroll Deductions
The DOL sued retirement plan fiduciaries in Connecticut for failing to forward contributions and loan repayments withheld from participants’ paychecks...
Rhode Island Reaches Pension Accord With Some Unions
If approved, a proposed settlement will end litigation from six challenges that arose from changes made to Rhode Islands’ public...
Ameriprise Financial Settles ERISA Fee Litigation
Ameriprise will pay $27.5 million to settle a 401(k) excessive fee lawsuit.
Court Dismisses Fidelity Float Income Suit
A federal district court has ruled float income is not a retirement plan asset belonging to participants.
Oral Misrepresentation Enough to State a Claim Under ERISA
A pension plan participant who claims he didn’t receive promised credit for service can proceed with his lawsuit.
DOL Alleges Company’s ESOP Creation Was Flawed
Accurate company valuations are critical when it comes to establishing an ESOP, the DOL says in an enforcement action announcement.
Supreme Court Could Consider RJR Stock Drop Case
The U.S. Supreme Court may take up important fiduciary liability questions related to a “reverse stock-drop” case leveled against a...
Court Orders Additional Recovery of Misused Pension Funds
A federal court has ordered a fiduciary to repay $300,000 to a number of pension plans, for which the Department...
Justices Consider ‘Duty to Monitor’ in Fee Case Arguments
The U.S. Supreme Court heard oral arguments in a case said to be the first excessive 401(k) fee litigation to...
Long-Running Lockheed Martin Fee Case Settled
Plaintiffs’ attorney Jerry Schlichter says the settlement is the largest result for a 401(k) excessive fee claim ever levied against...
Firm Not Liable for Botched Benefit Estimates
A federal appeals court in Puerto Rico ruled retirement benefits a participant believed were negotiated were not due under the...
Aegon Sued Over Management of Its Retirement Plan
A lawsuit claims retirement plan provider and asset manager Aegon USA caused superfluous fees to be charged to its own...
Former Comcast Employee Accused of Bilking Retirement Accounts
A U.S. attorney has accused a former Comcast employee of creating dummy retirement accounts and defrauding the firm of nearly...
Supreme Court Urged to Drop Review in Tibble Case
Edison International has petitioned the U.S. Supreme court to drop its review of Tibble vs. Edison International, a closely watched...