Aon, Alight Win Judgment in Hospital PRT Lawsuit
A federal judge found Aon Hewitt acted prudently, after hearing testimony about the firm’s investment actions and contractual obligations.
Tag: ERISA
Balancing Fiduciary Duty With ESG Demand
As desire for sustainable investments increases, retirement plan sponsors are still cautious about offering ESG funds while regulatory guidance is...
Kimberly-Clark Hit With Excessive Fee Lawsuit
The suit mainly takes issue with an alleged failure to solicit competitive bids for retirement plan services and the use...
Claims Against Astellas, Aon Move Forward in Untested CITs Lawsuit
A judge found that allegations were sufficient to deny most motions to dismiss filed by the plan sponsor and the...
Court Rejects Barnabas Retirement Plan Fiduciaries’ Motion to Dismiss Lawsuit
A federal judge found that the plaintiffs had sufficiently pleaded their claims in the suit alleging excessive retirement plan fees.
Allianz Targeted by Raytheon in Fiduciary Breach Lawsuit
The complaint suggests Allianz abandoned a hedging strategy that was the supposed cornerstone of an investment fund utilized by the...
Judge Sides With Principal Life Insurance in GIC Lawsuit
A federal judge found Principal’s ‘meticulous’ process for setting the GIC’s composite crediting rate protected the availability of the investment...
Brenntag Settles Excessive Fee Lawsuit
The agreement is solely monetary and doesn’t include provisions to remedy the alleged breaches of the defendants.
Interpreting Prudence and Loyalty Under ERISA
ERISA attorneys explain the meaning behind both terms and what plan fiduciaries can do to meet the requirements.
Settlement Details Published in Jander v. IBM
Prior to settlement, the long-running stock drop lawsuit received multiple appellate court rulings and consideration from the U.S. Supreme Court.
Wesco Distribution Faces Lawsuit Over Retirement Plan Services Fees
Among other things, the plaintiffs contend that prudent fiduciaries monitor and limit revenue sharing and make sure excessive indirect compensation...
Judge Finds ERISA Claims Sufficient Against Coca-Cola Bottler
The case, which challenges the use of an actively managed TDF suite rather than its index version, will move forward.
Claims Over Fidelity’s Use of Participant Data Dismissed
A federal judge determined participant data is not considered plan assets, meaning Fidelity was not a fiduciary with regard to...
BlackRock Agrees to Settle ERISA Dispute
The underlying lawsuit questions fees paid by participants in BlackRock’s own retirement plan.
Magistrate Judge Says Aon, Alight Can’t Evade PRT Lawsuit
The firms allegedly provided a comprehensive set of pension plan termination services to a hospital system client that, according to...
USI Insurance Latest to Face ERISA Self-Dealing Complaint
The complaint suggests USI and its officers have not operated the company’s retirement plan benefit prudently or loyally.
American Red Cross Faces ERISA Lawsuit
Plaintiffs say the failure to issue an effective RFP for recordkeeping and a rebranding process for investments led to additional...
Settlement Details Published in Norton Healthcare ERISA Suit
The settlement comes with a $5.75 million price tag to be split between the plan sponsor defendant and its financial...
Self-Dealing ERISA Suit Targets Principal Insurance Co.
The lawsuit suggests the defendants chose and maintained Principal investment products and plan administration services because Principal, its subsidiaries and...
BBVA Compass Bancshares Loses Second Attempt to Get ERISA Suit Dismissed
Since there were no clear administrative remedies for fiduciary breaches spelled out in plan documents, a federal judge rejected the...