Cornell Ruling Widens Circuit Court Split on ERISA Fiduciary Question
Appellate courts have different interpretation of prohibited transaction rules under the Employee Retirement Income Security Act, paving the way for...
Tag: recordkeeping fees
Legal Complaint Targets Pfizer 401(k) Plan Committee, Board
The class action proposal seeks to recover retirement plan losses allegedly caused by fiduciary breaches leading to ‘unreasonable’ fees.
University of Vermont Medical Center Plan Sued for ERISA Breaches
The university medical center’s retirement plan failed to disclose revenue sharing or float income and caused workers to pay excessive...
Benefits |
ERISA Lawsuit Against Kellogg Dismissed
The retirement plan lawsuit, originally filed in 2020, alleged fiduciary breaches committed by the ERISA finance and administrative plan committee.
Coca-Cola Bottlers’ Association Agrees to Settle ERISA Case for $3.3 Million
The lawsuit against the CCB multiple employer plan needs court approval to finalize settlement.
Xerox Reaches $4.1 Million Preliminary Settlement in Excessive Fee Lawsuit
The settlement in principle is pending court approval.
$10M Settlement Reached in NRECA ERISA Litigation
Beyond the cash reimbursement to the plan, the settlement requires regular fee studies and a recordkeeping RFP process at least...
Koch Industries Charged With Excessive Recordkeeping Fees
The plaintiffs suggest the firm’s fiduciary failures were either from lack of a prudent process or from interest in getting...
Excessive Recordkeeping Fees Alleged in KeyCorp ERISA Challenge
The complaint alleges that KeyCorp has failed to take advantage of recordkeeping market competition and the associated drop in average...