Compliance | April 10th, 2024 DOL Requests Approval of Settlement in Pennsylvania Mushroom Farm Case The action would appoint an independent administrator and distribute assets to the profit-sharing plan’s participants.
Benefits | April 9th, 2024 IBM Wins Dismissal of Pension Lawsuit A lawsuit against IBM’s pension plan will not proceed, following a judge’s ruling in U.S. District Court for the Southern...
Benefits | April 4th, 2024 DOL Attains Court Order Directing Defunct Firm Restore Missing 401(k) Money A federal court in Maryland ordered a defunct engineering company and its owner to pay $388,458 to restore missing contributions...
Compliance | April 3rd, 2024 DOL Alleges Profit-Sharing Plan Fiduciaries Took Retirement Plan Assets The Department of Labor alleges the plan fiduciaries at a tree service company used retirement assets from a profit-sharing plan...
Compliance | March 25th, 2024 ERIC Joins Amicus Brief Defending Yale University The brief was filed to support Yale in the plaintiffs’ 2nd Circuit appeal of a 2023 jury verdict that was...
Benefits | March 22nd, 2024 Molina Healthcare Close to Win in ERISA Lawsuit A California federal judge’s ruling in an ERISA lawsuit against Molina Healthcare provides a window into this court’s thinking on...
Compliance | January 22nd, 2024 DOL Suit Seeks Retirement of Maine 401(k) Plan Department of Labor brings the lawsuit against a Maine excavation company that was shuttered in 1991, seeking to terminate the...
Compliance | January 2nd, 2024 Cambridge Health Alliance Retirement Plan Sued Health care system 403(b) participant fees alleged to be too high in fiduciary breach case.
Compliance | December 5th, 2023 Tyson Foods Hit With 401(k) Suit for Overcharging Employees allege the Tyson Foods plan committee did not monitor and negotiate for reasonable recordkeeper fees.
Benefits | November 29th, 2023 JP Morgan Retirement Plan Sued for Restoration of Future Pension Payments A pension participant in Florida is suing after his benefits were allegedly reduced.
Compliance | November 22nd, 2023 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...
Compliance | November 21st, 2023 DOL Sues Shuttered Law Firm Over Participant’s Assets The McCullough, Campbell & Lane LLP retirement savings plan owes an average of more than $200,000 to 25 participants.
Compliance | November 13th, 2023 Motion Seeks to Hold Alight Liable for Theft of 401(k) Assets Plaintiff Paula Disberry has requested the court order restoration of her $750,000 in lost assets.
Compliance | November 9th, 2023 Whole Foods 401(k) Plan Sued Plan participants working at Amazon subsidiary Whole Foods Market sued in Texas federal court.
Administration | October 6th, 2023 Complaints Filed Against 5 Companies to Collect Money Owed to 2 Teamsters Pension Trust Funds Lawyers for the plaintiff, a third-party administrator, alleged identical claims against each defendant.
Compliance | October 2nd, 2023 Dueling Motions Filed in American Airlines ESG Lawsuit Both parties brought motions as a former pilot asserts that fiduciaries for American Airlines’ defined contribution plans breached their duty...
Benefits | September 25th, 2023 Schlichter: Significant Pleading Standard Will Not Slow Lawsuits The 10th Circuit has joined several other circuit courts in holding that a ‘meaningful benchmark’ must apply to 401(k) participant...
Compliance | September 22nd, 2023 Pension Plans of Kellogg, Kohler, FedEx Sued for Outdated Calculations A law firm has sued four defined pension plans over the last six weeks alleging fiduciaries violated ERISA and shortchanged...
Compliance | September 13th, 2023 Department of Labor Recovers $22.5M for ESOP The plan’s former trustee, Reliance Trust Company, settled a complaint following an investigation.
Compliance | September 12th, 2023 American Airlines Files Motion to Dismiss The back-and-forth between the former pilot and the air line over ESG considerations continues in federal court in Texas.