Compliance | January 19th, 2023 Allianz Asset Management of America Dealt Lawsuit Over 401(k) Plan Workers contributing to the Allianz Savings and Retirement Plan have brought allegations of self-dealing against plan fiduciaries.
Compliance | January 11th, 2023 International Clinical Laboratory Company Faces 401(k) Lawsuit Quest Diagnostics’ 401(k) profit sharing is the target of a new retirement plan lawsuit alleging excessive fees for investments.
Compliance | January 9th, 2023 National Bank Parent Company Hit with ERISA Complaint Plaintiffs have alleged excessive fees for recordkeeping and administrative services and for an available managed account in a retirement plan...
Compliance | January 6th, 2023 Professional Athlete Sports Agency Is Accused of Retirement Asset Theft The Department of Labor alleges that a Houston sports agency used retirement assets to operate the company.
Compliance | January 5th, 2023 ESOP Plan Faces Retirement Records Lawsuit When a former worker at medical technology company BD sought distribution of his vested and accrued retirement assets, the firm...
Data and Research | January 4th, 2023 Employers Have Enhanced Well-Being Programs, Not Added Annuities Employers have embraced 401(k) plan benefits changes for 2023 but have avoided certain enhancements provided by the original SECURE Act.
Compliance | December 30th, 2022 Fiduciary 401(k) Breach Claims Against Milliman Will Proceed A federal judge ruled against a Milliman Inc. motion to dismiss fiduciary breach allegations that it failed to prudently choose...
Compliance | December 27th, 2022 District Court Narrows $750,000 Retirement Theft Lawsuit Claims A federal judge granted the motion to dismiss one of three defendants in a retirement theft lawsuit.
Compliance | December 22nd, 2022 Xerox Reaches $4.1 Million Preliminary Settlement in Excessive Fee Lawsuit The settlement in principle is pending court approval.
Compliance | November 29th, 2022 Attorneys File Similar ERISA Lawsuit Against Freight Transporter A second national freight transporter within a month is faced with an ERISA breach lawsuit from the same attorneys.
Compliance | November 28th, 2022 Judge Grants Motion to Dismiss Ricoh Complaint The two counts brought by plaintiffs were bounced by the Chief Judge for the U.S. District Court for the Eastern...
Compliance | November 15th, 2022 MassMutual Faces Four ERISA Breach Counts in Retirement Lawsuit Plaintiff seeks class certification in alleging mismanagement and violations of fiduciary duty.
Compliance | November 11th, 2022 DOL Clears Question over Plan Sponsor PEP Member Responsibility for Fidelity Bonds The department Labor replied with information for the SECURE Act amendments to ERISA that relate to the bonding requirements under...
Compliance | November 7th, 2022 ERISA Industry Committee Asks Federal Court To Consider Motion The ERISA Industry Committee has joined an amicus brief, with the U.S. Chamber of Commerce, asking a federal appeals court...
Compliance | November 3rd, 2022 Excessive Fee Complaint Filed Against Large Freight Transporter The Phoenix-based company is alleged to have breached its fiduciary duty to plan participants.
Compliance | October 31st, 2022 Yale 403(b) Fiduciary Breach Counts Withstand Motions A federal judge has granted in part and denied in part, the Yale University motion for summary judgement.
Compliance | October 19th, 2022 Union Multiemployer Plan Faces ERISA Lawsuit Plaintiffs have alleged fiduciary breaches against retirement plan fiduciaries for the International Union of Elevator Constructors.
Benefits | October 17th, 2022 PLANSPONSOR Webinar: Your HSA Questions Answered Experts caution that when plan sponsors consider adding health savings accounts, the employers must contemplate complex questions and examine the...
Compliance | October 12th, 2022 Law Firm Files Motion to Dismiss ERISA Complaint Targeting BlackRock Funds Attorneys for the defendants have asked a federal district court to dismiss ERISA fiduciary breach claims.
Compliance | October 7th, 2022 ERISA Lawsuit Brought Against Mutual of America The plaintiffs have alleged Mutual of America plan fiduciaries using a closed-architecture recordkeeping platform caused plan participants to pay excessive...