Tag: retirement plan lawsuits

The original lawsuit alleged negligence and professional malpractice by Willis Towers Watson in its actuarial work for the city; the settlement does not constitute an admission of wrongdoing.

The Department of Labor found fiduciaries failed to remit salary deferrals and loan repayments and withdrew assets from the plan trust to use for non-plan purposes.

Although the case involves an employer-provided life insurance plan, it has lessons for what constitutes a QDRO for all ERISA plans.