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...
Tag: ERISA
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...
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...
Statutory Limits to Use for Non-Calendar Year Plans
Experts from Groom Law Group and CAPTRUST answer questions concerning retirement plan administration and regulations.
Serco Reaches $1.2 Million Settlement in Excessive Fee Class Action Suit
The suit had charged the Navy defense contractor with selecting mutual funds with an average expense ratio of 0.81% when...
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...
Opinions |
ERISA Prudence, Methodology and the Aggregate of Outcomes
Neal Shikes, with MJN Fiduciary LLC, discusses why being prudent in retirement plan decisionmaking means considering all factors in aggregate,...
ERISA Complaint Targets Caesars, Russell Investments
The case includes various allegations of self-dealing and fiduciary imprudence and disloyalty discretionary investment management services provided by Russell Investments...
Settlement in Columbia University ERISA Case Includes Non-Monetary Provisions
The university has agreed to request competitive bids for administrative services in the next three to four years and maintain...
ERISA Lawsuit Questions Humana Plan Fees
The lawsuit closely resembles numerous other ERISA excessive fee complaints filed in recent years.
Dismissal of Wells Fargo 401(k) Self-Dealing Lawsuit Denied
A judge said the plaintiff plausibly pleaded that the defendants committed fiduciary breaches and prohibited transactions by selecting and retaining...