Tag: fiduciary breach

Federal court in Michigan dismisses a lawsuit brought against the Kellogg Company pension plan.   

The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.

The aerospace and defense contractor has agreed to a pending settlement in a lawsuit with a former participant.

A lawsuit against IBM’s pension plan will not proceed, following a judge’s ruling in U.S. District Court for the Southern...

Department of Labor brings a lawsuit against the profit-sharing plan of a criminally indicted Pennsylvania mushroom farm retirement plan.

A federal court in Maryland ordered a defunct engineering company and its owner to pay $388,458 to restore missing contributions...

The Department of Labor alleges the plan fiduciaries at a tree service company used retirement assets from a profit-sharing plan...

A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...

Federal judge allows lawsuit against American Airlines’ defined contribution plans to proceed.   

A judge determined the retirement plan recordkeeper and third-party administrator misappropriated millions in clients’ plan assets.  

A lawsuit against the Hess Corp. alleges Hess plan fiduciaries included target-date mutual funds instead of collective investment trusts in...

The regulator prevailed in motions against a Pennsylvania retirement third-party administrator it alleges stole $5.5 million in retirement plan assets...

The Pension Benefit Guaranty Corporation has escalated legal proceedings against a pension plan sponsor that allegedly stopped paying insurance premiums,...

A restraining order has been filed in the Department of Labor lawsuit against Pennsylvania third-party administrator RiversEdge.

The Department of Labor filed a lawsuit against Blue Cross Blue Shield of Minnesota, claiming the third-party administrator became a...

The Department of Labor has filed complaints against two separate plan sponsors, alleging identical fiduciary breaches.

Health care system 403(b) participant fees alleged to be too high in fiduciary breach case.   

Employees allege the Tyson Foods plan committee did not monitor and negotiate for reasonable recordkeeper fees.

A pension participant in Florida is suing after his benefits were allegedly reduced.

Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for...