Compliance | June 10th, 2020 Universal Health Faces Familiar ERISA Excessive Fee Claims Among other alleged fiduciary violations, the defendants are accused of failing to consider lower cost collective trusts as alternatives to...
Compliance | June 3rd, 2020 5th Circuit Affirms Lower Court’s Rejection of Phillips 66 ERISA Challenge Like the district court ruling in the case, the appeals court says the plaintiffs have failed to adequately state an...
Compliance | June 2nd, 2020 Can the DOL Effectively Police Pension Fiduciary Breaches Alone? One attorney suggests the Supreme Court’s opinion in Thole v. U.S. Bank ‘pushes the ability of participants in a defined...
Compliance | June 1st, 2020 Parties in Emory University 403(b) Plan Lawsuit File Settlement Agreement In addition to paying $16.75 million, the settlement agreement calls for a review of investments and a recordkeeping request for...
Compliance | June 1st, 2020 Has the Supreme Court ‘Gutted’ ERISA Protections for Pensioners? Plaintiffs’ attorneys, bemoaning the new Supreme Court ruling in Thole v. U.S. Bank, say participants in defined benefit plans are...
Compliance | June 1st, 2020 Supreme Court Decision in Thole v. U.S. Bank Has Major Implications for Pensions The ruling effectively establishes that individual pension plan participants cannot sue their employer for a fiduciary breach if their own...
Compliance | May 29th, 2020 Plan Sponsor, Provider Sued for Adding Untested CITs to 401(k) The 92-page complaint includes a number of other allegations, including that the plan sponsor was motivated by its relationship with...
Compliance | May 29th, 2020 Court Finds Plan Sponsor Could Be Found Liable for Retirement Plan Cyberfraud The plan sponsor had sued plan providers, but the providers in a counterclaim said the plan sponsor was equally liable.
Compliance | May 28th, 2020 Land O’ Lakes Faces 401(k) Excessive Fee Suit The lawsuit also questions a fee arrangement between the plan’s recordkeeper and an advice provider.
Compliance | May 27th, 2020 JPMorgan Chase to Pay $9 Million to Settle 401(k) Self-Dealing Suit The suit claimed conflicts of interest damaged net-of-fee performance.
Compliance | May 26th, 2020 Washington University 403(b) Challenge Revived by 8th Circuit Parts of the lower court’s ruling against the plaintiffs’ claims have been rejected and remanded by the appeals court.
Compliance | May 26th, 2020 Banner Health ERISA Litigation Reaches Mixed Ruling A judge found that plaintiffs failed to offer evidence that removing certain funds caused economic loss, but the ruling sided...
Compliance | May 26th, 2020 Cornell University 403(b) Plan Suit Could Face ‘Considerable’ Delay Though claims in the case were pared down last fall, the plaintiffs have requested a jury trial, so a federal...
Compliance | May 19th, 2020 Share Class Issues Cited in ManTech ERISA Lawsuit The new complaint closely resembles others that have been filed by the Capozzi Adler P.C. law firm.
Ask the Experts | May 19th, 2020 Does e-Disclosure Rule Allow for Postcard Notification of Links? Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Compliance | May 14th, 2020 Judge Permits BBVA ERISA Money Market Lawsuit to Proceed The lawsuit accuses BBVA of mismanaging a $100 million money market fund ‘that was the investment equivalent of stuffing cash...
Compliance | May 13th, 2020 New ERISA Excessive Fee Complaint Targets Aegis Fiduciaries The plan in question in smaller than many that have been subject to excessive fee litigation, underscoring the trend that...
Compliance | May 11th, 2020 Second ERISA Lawsuit Targets ADP Multiple Employer Plan The second suit, filed on behalf of participants rather than plan sponsors, largely mirrors the first in its allegations of...
Compliance | May 6th, 2020 Lawsuit Alleges Excessive Fees in Multiple Employer Plan Though the plan’s recordkeeper is not named as a defendant, the lawsuit says fiduciaries of the ADP TotalSource Retirement Savings...
Compliance | May 5th, 2020 Automotive Manufacturer New Target of ERISA Excessive Fee Suit The complaint also argues that the structure of Magna International of America’s plan “is rife with potential conflicts of interest.”