Tag: retirement plan litigation

Courts should “recognize that Congress and the SEC have already made a judgment about when a public disclosure would do...

Retirement plan fiduciaries at Intel are accused of failing to properly monitor and evaluate “unconventional, high-risk allocation models” adopted within...

The lawsuit alleges the act that created the Secure Choice program “violates the Supremacy Clause of the United States Constitution...

The complaint says the target-date funds used in the plan and as the designated default investment were underperforming from the...

The court decision highlights the difficulty in determining the fiduciary status of parties and of making claims for equitable relief...

The court decision in Lutz v. Kaleida Health reviews what it takes to be a retirement plan fiduciary and acknowledges...

The $14 million settlement agreement also requires the University to retain an independent consultant to assist plan fiduciaries in reviewing...

A business owner who sponsored pension plans for his employees pleaded guilty of charges that he deducted a “third-party administrator...

TriHealth Inc. has been accused of carrying high fees in its 401(k) plan, benchmarked against peer plans with an asset...

In addition to a $6.8 million payment, defendants in the lawsuit agreed to certain procedures for plan management, including that...

Citing the Supreme Court decision regarding church plan cases and using a three-part test, a federal judge found the St....

BBVA Compass Bancshares is accused of failing to monitor investments and remove imprudent ones.

The district court found "the mere fact that the plan included the affiliated funds—and defendants were aware of that fact—is...

A multiemployer plan was found to have brought a viable claim for a withdrawal contribution required in its trust documents.

A federal court judge ultimately found that a participant in George Washington University’s two retirement plans had previously waived her...

Plaintiffs in the lawsuit argue that passive funds would have resulted in better returns net of fees that the actively...

In a new ERISA lawsuit seeking class action status, the plaintiffs claim their pension assets were disloyally and imprudently transferred...

In support of its motion to dismiss a consolidated lawsuit, Fidelity argues that it is entitled to negotiate and collect...

"How does it make sense to say that if you are a dollar over-funded, there is no risk of harm...

The mortality table in question, published in 1971, assumes 90% of Huntington Ingalls Industries’ employees are male and that 90%...