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...
Tag: retirement plan litigation
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...
DOL’s ESOP Valuation Case Against Engineering Firm Falls Flat
The court notes that the ESOP trustees, while accepting a price very close to what the sellers were seeking, saved...
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...
Insurance Agents Charged With Duping California Educators Into Reinvesting Retirement Money
The owner of a 403(b) plan administration firm and another insurance agent allegedly convinced educators to roll retirement plan money...
Guam Sued for USERRA Violations
The Justice Department alleges that military employees who used ‘donated leave’ to avoid losing pay were denied pension contributions and...
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...
District Court Roundly Rejects Oshkosh ERISA Challenge
The court said that a plan’s mere underperformance, absent any specific allegations of imprudence, is not actionable.
NLRB Finds Company Did Not Violate Bargaining Agreement by Changing 401(k) Match Formula
The National Labor Relations Board found that the match formula stated in a memorandum of agreement between an employer and...
Chamber of Commerce Says Cookie-Cutter Excessive Fee Suits Harm Participants
After pointing out the flaws in excessive fee allegations and what it says is the real motivation for the lawsuits,...
Court Tosses PNC Excessive Recordkeeping Fee Suit
The plaintiffs have already filed an amended complaint after a judge found that their allegations were insufficient to state a...
Lawsuit Says Baptist Health South Florida Didn’t Follow IPS
The claims are typical of excessive fee lawsuits, but the plaintiffs’ lawyers attempt to cover their bases by addressing issues...