District Court Dismisses Fidelity FundsNetwork Revenue Sharing Challenge
The lawsuit sought to portray Fidelity as a functional fiduciary that was inappropriately collecting revenue sharing payments from third-party mutual...
Tag: ERISA
Litigators Put Mortality Assumptions Under the Microscope
Lawsuits continue to be filed across the United States that accuse large, well-known employers of using severely outdated mortality data...
Remembering the Basics of Fiduciary Duties
What ERISA retirement plan sponsors should know about their responsibilities as they make plan decisions or even outsource decisions to...
ERISA Pension Lawsuit Targets UPS
The complaint stresses that, under ERISA, the “present values” of a joint and survivor annuity and a single life annuity...
Judge Scales Back Claims Against Voya in Excessive Fee Suit
The only charge that survived regarded Voya providing “false and misleading” participant fee disclosures.
Principal Back on the Hook for GIC Challenge
A federal district court’s decision that Principal is not a fiduciary when it sets the crediting rate for a GIC...
2nd Circuit Again Remands Decade-Old PwC ERISA Litigation
The appellate court disagreed with a lower court finding that reformation of PwC's cash balance plan and the recalculation of...
Navy Contractor Serco Faces ERISA Excessive Fee Lawsuit
The complaint states that the plan’s investment options and fees “cannot be justified.”
Court Permits Healthcare System Cash Balance Lawsuit to Proceed
The parties in Belknap v. Partners Healthcare System have been given an opportunity to submit supplemental briefing as to the...
Shell Oil, Fidelity Face Allegations in New ERISA Lawsuit
Among other allegations, the litigation says Shell Oil fiduciaries allowed Fidelity to inappropriately utilize plan data for its own commercial...
Excessive Fee Cases Continue With Lawsuit Against Cerner Corporation
The ERISA complaint includes familiar allegations that retirement plan fiduciaries failed to manage or monitor plan recordkeeping and investment fees.
Supreme Court Declines to Review Question About Dudenhoeffer Pleading Standards
A former employee of SunEdison Semiconductor LLC claimed that the 8th Circuit “discarded the core lesson of Dudenhoeffer and imposed...
Northrop Grumman Agrees to Settle 401(k) Excessive Fee Suit
The defendants have agreed to pay a gross settlement amount of $12,375,000 to resolve all claims.
Supreme Court Will Not Weigh In on Burden of Proof and Index Fund Comparison
The denial will let a 1st U.S. Circuit Court of Appeals decision stand, which the Investment Company Institute previously said...
Chemical Distributor’s U.S. DC Plan Subject of Excessive Fee Suit
The plaintiffs suggest that the task of evaluating investments has become simpler for plan fiduciaries and that prudent fiduciaries will...
Settlement Announced in Case About Forcing Participants Out of ESOP
The case has been stayed until the parties can draft the settlement agreement.
2020 ERISA Plan Compliance Calendar
A schedule to help plan sponsors track important due dates for their plan
IRS Cites Additional Supreme Court Guidance in Granting Church Plan Status
The agency’s response to an entity requesting church plan status for its retirement plan offers its interpretation of relevant Internal...
Advisory Firm Settles ERISA Litigation
Jeffrey Slocum & Associates will pay some $500,000 into a settlement account in exchange for a release of all ERISA...
ERISA Fiduciary Breach Lawsuit Targets Trader Joe’s
Trader Joe’s retirement plan committee is accused of failing to seek competitive bids for recordkeeping, among other alleged fiduciary breaches.