Compliance | April 21st, 2022 USI Wins Dismissal of ERISA Lawsuit The complaint was dismissed in its entirety for failure to state a claim.
Compliance | April 18th, 2022 $7.5M Settlement Struck in Washington University ERISA Suit The settlement agreement also spells out a variety of non-monetary requirements, including a new fiduciary training regimen for members of...
Compliance | April 13th, 2022 Excessive Fee Retirement Plan Lawsuit Will Continue A court has denied plan sponsor VCA’s motion to dismiss breach of fiduciary duty allegations.
Compliance | April 12th, 2022 Appeals Court Says Salesforce Lawsuit Can Continue A federal appeals court judge has reversed and remanded lower court rulings for further proceedings
Compliance | April 8th, 2022 Defense Attorneys Can Put Up a Fight in Excessive Fee Lawsuits An insurer speaks out about why the majority of excessive recordkeeping fee claims are ‘bogus.’
Compliance | April 6th, 2022 Wells Fargo Agrees to Settle Proprietary Funds Lawsuit The settlement agreement includes a “significant monetary recovery,” the plaintiffs note in a memo in support of a motion for...
Compliance | April 4th, 2022 Court Dismisses One Lawsuit Against ADP Multiple Employer Plan A court found a participating employer was not a fiduciary with respect to alleged actions in the lawsuit, and therefore...
Compliance | April 1st, 2022 Amended Complaint Clears Dismissal in PNC ERISA Lawsuit A new order in a long-running ERISA lawsuit tosses out certain claims related to alleged breaches of the ERISA fiduciary...
Compliance | March 31st, 2022 Most of Pentegra MEP Lawsuit Clears Dismissal A federal court found most of the plaintiffs’ ERISA fiduciary breach claims are sufficiently pled to advance beyond the motion...
Compliance | March 30th, 2022 DOL Lawsuit Over Investment in DST Systems’ 401(k) Will Proceed A federal court found the claims were not time-barred, the investment manager was responsible for its own fiduciary duties and...
Compliance | March 29th, 2022 Principal Wins Dismissal of ERISA Lawsuit The complaint alleged a target-date fund suite managed by Principal performed poorly for an excessive period of time, without being...
Compliance | March 28th, 2022 ERISA Suit Filed Against Dartmouth-Hitchcock Network The plaintiffs accuse the defense of failing to work to reduce retirement plan expenses or to adequately scrutinize each investment...
Compliance | March 28th, 2022 Lawsuit Accuses Church of Mismanaging Retirement Plan The plaintiff is seeking recovery on behalf of a class of participants in a retirement plan of the AME church,...
Compliance | March 25th, 2022 Health Care Provider Faces Excessive Fee Lawsuit Participants claim that the plan charged excessive fees for investments and recordkeeping services.
Compliance | March 24th, 2022 Plaintiffs Must Replead Case in Kimberly-Clark ERISA Suit A federal court order rejects the defendants’ motion to dismiss the lawsuit, which argues plan fiduciaries permitted the payment of...
Compliance | March 23rd, 2022 ERISA Suit Against Nationwide Moves Ahead The consolidated lawsuit alleges Nationwide 401(k) plan fiduciaries failed to negotiate guaranteed investment fund terms that were as good as...
Compliance | March 22nd, 2022 Plan Sponsor Sued Over ‘Untested’ TDFs The lawsuit alleges Molina Healthcare offered target-date funds in its 401(k) plan that employed a management style that had never...
Compliance | March 21st, 2022 Lawsuit Claims Rehires Were Deprived of Retirement Benefits Owed to Them The lawsuit says Raytheon violated retirement plan terms and ERISA by not allowing rehires to repay prior distributions and by...
Compliance | March 16th, 2022 $5.1M Settlement Struck in Costco ERISA Lawsuit The lawsuit suggested the fiduciaries of the plan breached their ERISA duties by authorizing the plan to pay unreasonably high...
Compliance | March 15th, 2022 Tipped Employee Sues Over Missed Deferrals The employee says Hyatt Corp.’s policy to only pay tips in cash violated the terms of the plan, per its...