Tag: retirement plan litigation

Much of the complaint is dedicated to discounting the use of an actively managed TDF suite rather than a less...

The text of the dismissal ruling relies heavily on precedent set by the United States 7th Circuit Court of Appeals.

The lawsuit also calls out the use of an investment manager’s proprietary actively managed funds and the plan sponsor’s failure...

The parties’ proposed settlement agreement impermissibly releases claims that go beyond the scope of the allegations in the operative complaint.

The lawsuit accused plan fiduciaries of using the plan as an opportunity to promote Fidelity’s mutual fund business at the...

Multiple lawsuits have been filed recently that question the offering of active management funds to retirement plan participants.

Though the majority of investment options for Estee Lauder’s 401(k) are CITs, the lawsuit argues the TDFs are more expensive...

In a brief filed in the 9th U.S. Circuit Court of Appeals, the DOL argues that employer actions mandated by...

The warehouse club is also accused of breaching ERISA fiduciary duties by allowing the plan to pay ‘unreasonably high’ recordkeeping...

The 2nd U.S. Circuit Court of Appeals has re-established its previous ruling in favor of the plaintiffs.

The plaintiffs in the lawsuit were waiting on distributions of their account valued at the end of last year when...

A pension fund challenged the use of the Segal Blend to assess its withdrawal liability from a multiemployer plan instead...

The Oshkosh Corp. is accused of permitting excessive recordkeeping fees and inappropriately favoring expensive active management funds in its retirement...

A federal judge said he cannot find that the interests of one subgroup of class members in the case have...

Prior to reaching the settlement agreement, the Neuberger Berman Value Equity Fund was removed as an investment option in the...

The complaint alleges that KeyCorp has failed to take advantage of recordkeeping market competition and the associated drop in average...

In a letter filed in court, attorneys for the parties suggested ways to help streamline the trial and to eliminate...

Among other alleged fiduciary violations, the defendants are accused of failing to consider lower cost collective trusts as alternatives to...

Like the district court ruling in the case, the appeals court says the plaintiffs have failed to adequately state an...

One attorney suggests the Supreme Court’s opinion in Thole v. U.S. Bank ‘pushes the ability of participants in a defined...