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.
Tag: ERISA
JPMorgan Chase to Pay $9 Million to Settle 401(k) Self-Dealing Suit
The suit claimed conflicts of interest damaged net-of-fee performance.
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.
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...
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...
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.
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.
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...
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...
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...
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...
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.”
Court Dismisses Johnson & Johnson Stock Drop Suit
Johnson & Johnson successfully argued that the plaintiffs have not met the pleading standards established by Fifth-Third v. Dudenhoeffer, however,...
Use of Incorrect Compensation Definition Alleged in Lawsuit Against Host International
The plaintiff in the case says Host’s tip policy interferes with his and others’ ability to defer income under the...
University of Miami Faces Lawsuit Over 403(b) Plan Fees
The plaintiffs say they seek similar remedies as those in a settlement that was court-approved in a case against Duke...
DOL, Wilmington Trust Reach Agreement Over ESOP Overpricing
The agreement requires Wilmington Trust to pay $80 million to 21 employee stock ownership plans (ESOPs) for which it served...
Lawsuit Challenging Pension Transfer in Corporate Restructuring Dismissed
A federal district court judge noted that the 9th U.S. Circuit Court of Appeals has held that the “decision to...
Family Owners Charged with ESOP Buyback Violations in New ERISA Lawsuit
The lawsuit is directly tied into another in which Wilmington Trust agreed in January to a settlement valued at $5...
ERISA Lawsuit Against Trader Joe’s Dismissed
A federal judge said the plaintiffs' guess of recordkeeping fees paid had no factual basis and failed to claim a...
Barrick Gold Faces Lawsuit About 401(k) Investment Selections
The lawsuit is nearly identical to one filed by the same law firm against a pharmaceutical company.