Tag: ERISA lawsuit

Florida, Georgia and Alabama employers lost a procedural defense that required participants to exhaust plan claims procedures before filing fiduciary...

The investment bank was accused of mismanaging forfeited funds in its 401(k) plan by using them toward reducing employer contributions.

Plan fiduciaries were accused of breaching their duties of prudence by investing some of the retirement plan’s assets in hedge...

Tiara Yachts Inc. accused the health insurance administrator of overpaying medical providers and collecting fees directly tied to ‘inflated’ payments...

The former Swiss Re employees had accused Empower of charging excessive recordkeeping fees and using participant data to market its...

Industry experts worry that a new wave of ERISA lawsuits will follow the ruling that lowered the bar for plaintiffs...

District and appellate courts have split opinions on whether the burden of proof in the excessive fee case falls on...

Plan fiduciaries have been accused of failing to prudently invest cash held in employee stock ownership plan trusts in recent...

The company was accused of using an in-house stable value investment that underperforms competitors.

Former participants of insurance company Swiss Re’s retirement plan also accused the firm of allowing the plan to pay excessive...

Former employees claimed the company’s CEO converted plan assets for his and his company’s own use and benefit.

The banking giant is the latest company to face litigation over its use of forfeited 401(k) assets.

Its 403(b) plan committee was accused of failing to monitor its investment in a stable value investment product offered by...

The banking company has been accused of using forfeited funds for its own benefit by funding future employer contributions.

The soda distributor was accused of offering a suite of ‘underperforming’ target-date funds in its 401(k) plan, as well as...

The pharmaceutical company was accused of charging unreasonable recordkeeping and administrative fees in a complaint filed last year.

The appeals court ruled that a Michigan district court wrongly dismissed the lawsuit in April 2023 in favor of arbitration.

A final pretrial conference for the case is scheduled for November 26.

A participant in Thermo Fisher’s 401(k) plan accused the employer and its pension committee of violating ERISA by using forfeited...

The home improvement retailer is the latest company accused of using forfeited 401(k) funds for its own benefit, instead of...