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...
Tag: ERISA
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...
Natixis Accused of Self-Dealing in New Lawsuit
The lawsuit alleges that a preference for proprietary investments led to excessive fees and the continuation of underperforming investments in...
Proposed Settlement Reached in Cerner ERISA Suit
The parties are asking a judge to approve the settlement, which includes monetary and non-monetary terms.
Another Schlichter Suit Targets Sponsor and Providers
Even cases that allege potential wrongdoing on the part of a service provider are often targeted exclusively at the plan...
Settlement Published in Raytheon ‘Actuarial Equivalence’ ERISA Suit
The text of the settlement agreement and its accompanying exhibitory documents stretches to nearly 300 pages, underscoring the complexity of...
No Entitlement to Summary Judgment in Lowe’s ERISA Case
There are so many arguments back and forth in a case alleging imprudence in investment choices for Lowe’s 401(k) plan...
T. Rowe Price ERISA Self-Dealing Lawsuit Will Go to Trial
Though he expressed doubt about plaintiffs’ path to victory in the lawsuit, a federal judge determined they met the minimum...
Appellate Court Opens Door for New Complaint Against Georgetown
The appellate court found a lower court erred in denying the plaintiffs’ leave to amend their complaint, meaning the case...
Detailed Ruling Leaves Key Claims Standing in Land O’Lakes Suit
The mixed ruling comes in response to the Land O’Lakes defendants’ motion to dismiss the suit based on a lack...
Abbott Defendants Again Escape ERISA Cybersecurity Lawsuit
The court rejected claims in the amended complaint that Abbott’s decision to hire Alight Solutions, another defendant in the case,...
ERISA Fiduciary Breach Lawsuit Targets Coca-Cola Bottler MEP
The complaint alleges the defendants failed to choose less costly and equally or better-performing investment options for the plan, or...
Participants in Terminated 403(b) Plan File ERISA Lawsuit
The plaintiffs allege the use of actively managed funds and higher-cost share classes caused them to lose millions.
Biden’s DOL Secretary Pick Walsh Faces Senate Scrutiny This Week
Union leaders say Marty Walsh is a tremendous leader with the kind of empathy, vision and commitment to working families...
Defending Against Excessive Fee Cases: It’s All About Procedure
It’s crucial for plan sponsors to have and follow a good investment policy statement and to carefully document the reasons...
Lawmakers Want No ‘Surprise Billing’ for Health Benefit Plan Sponsors
Health benefit plan service provider disclosures have been added to ERISA Section 408(b)(2).