Appellate Court Sees No Need to Force RFP Process
The court also concluded that because Banner Health and its recordkeeper had no prior relationship and their service arrangement was...
Tag: retirement plan litigation
Supreme Court Agrees to Consider Question About Plausible Claims in Excessive Fee Cases
The high court granted a writ of certiorari requested by plaintiffs in a lawsuit against Northwestern University over fees in...
Participant in Pennsylvania’s School System Plan Sues Investment Consultants
Teachers hired after 2011 are part of a variable benefit plan design, in which they have to pay more into...
Transamerica Agrees to Settle ERISA Suit
The settlement agreement includes both a $5.4 million payment and non-monetary relief.
Court Finds Executive Made a Valid Claim for SERP Benefits
A judge found that an email requesting information about obtaining benefits constituted a ‘written request’ as required by the plan...
Judge Agrees Pension Communication Was Not Clear
A former participant in DuPont’s DB plan claimed that confusing benefit statements caused him to miss out on years of...
MetLife Actuarial Equivalence ERISA Lawsuit Can Proceed
A district court has ruled that plaintiffs have raised sufficient factual questions to make preliminary dismissal of their challenge inappropriate—though...
Board Defendants Escape ERISA Excessive Fee Lawsuit
Claims in a lawsuit against Konica Minolta were significantly pared down and all claims against the company’s board were dismissed...
Benefit Plan Fiduciaries and Service Providers Anticipating New Litigation Risks
Experts say COVID-19 could open the door to new a new category of ERISA lawsuits.
Rush of Litigation Against Retirement Plans Expected to Continue
One insurer says the more than $1 billion in settlements thus far could make fiduciary insurance a thing of the...
Generac Power Systems New Target of ERISA Excessive Fee Suit
As with similar litigation, the company’s 401(k) plan fiduciaries are accused of failing to take measures to ensure reasonable recordkeeping...
Jumbo 403(b) Plan Hit With Excessive Fee Suit
Fiduciaries of the Wake Forest University Baptist Medical Center plan are accused of failing to ensure reasonable investment fees and...
‘Down Market’ ERISA Suit Nets $1.8M Settlement
CDI Corp. admits no wrongdoing in the settlement agreement, which closely resembles settlements reached in other excessive fee suits, apart...
Estee Lauder Excessive Fee Suit Moves Forward
A federal judge said he would explain the reasons he denied the defendants' motion to dismiss during a pre-trial conference...
Client Claims Self-Dealing by Russell Investments
The complaint seeks to tie alleged business challenges that were being experienced by Russell Investments with the choices made by...
Court Split on Motion to Dismiss Claims in Excessive Fee Suit
In the case over alleged excessive fees in the B. Braun Medical retirement plan, the judge moved forward claims for...
John Hancock Agrees to Procedural Changes in ERISA Suit Settlement
In addition to a $14 million payment, the defendants agreed to retain an independent third-party investment consultant to review investment...
U.S. Attorneys Ask Supreme Court to Take on 403(b) Excessive Fee Case
The Supreme Court’s review could answer the question of what qualifies as a plausible claim for relief in DC plan...
Aon Hewitt and Lowe’s 401(k) Participant Fail to Reach Settlement
Court documents did not specify the status of negotiations with defendant Lowe’s Cos., but claims against Aon Hewitt Investment Consulting...
Lengthy Self-Dealing Lawsuit Filed Against State Street
The complaint alleges that many of the funds offered by State Street in its staff retirement plan were selected and...