JPMorgan Backed by DOL in 401(k) Forfeiture Suit
In its amicus brief, the Department of Labor said the retirement plan documents allowed for the use of forfeited contributions...
Tag: ERISA
California Judge Orders More Details on Prohibited Transaction Allegations
The federal judge wants the plaintiffs in the ERISA case to spell out their factual case before discovery begins.
Home Depot 401(k) Plan Lawsuit Ends 2 Days Before Supreme Court Review
Both sides in Jaime H. Pizarro et al. v. The Home Depot Inc. et al. requested the case be dismissed.
DOL Withdraws Support for Plaintiffs in Yale 403(b) Complaint
The Department of Labor pulled a 2023 amicus brief supporting Yale University employees that said their retirement plan had underperforming...
Latest ERISA Cases from Schlichter Bogard Address Voluntary Benefits
The complaints allege breaches of fiduciary duty related to the premiums charged for accident, critical illness, cancer and hospital indemnity...
Delta to Explore Settlement in ERISA Case Over Survivor Benefits
Plaintiffs agreed to participate in private mediation and stay a legal case that accuses the airline of spousal pension underpayment.
DOL Weighs Amicus Brief in Lockheed Martin PRT Case
Lockheed Martin is likely to get the Department of Labor’s support in regards to the legality of a pension risk...
401(k) Forfeiture Case Against Northrup Grumman Dismissed
A federal judge ruled that the company did not breach its fiduciary duties by using 401(k) plan forfeitures to offset...
J&J Employee Benefits Case Dismissed for Second Time
A federal judge ruled that allegations of Johnson & Johnson’s mismanagement of employee health plans’ prescription drug benefits remained too...
Plaintiffs Drop Appeal of Home Depot ERISA Case
A district court judge ruled that The Home Depot did not breach its fiduciary duties in its use of retirement...
ERISA Lawsuits Spark Partisan House Committee Debate
House Republicans’ remarks on ‘predatory’ prohibited transaction claims came shortly after SEC Chairman Paul Atkins pushed for deregulation at the...
U.S. Reps Introduce Bills on ERISA Litigation, Annuity Access
The two bills aim to discourage unmeritorious ERISA lawsuits and expand in-service rollover options.
Federal Appeal of DOL Fiduciary Rule Ends in Circuit Court
The Department of Labor has ended its defense of a 2024 fiduciary rule that would have brought retirement investment advice...
Circuit Court Confirms Dismissal of Lawsuit Against New York Teamsters’ Pension
A New York district court had previously ruled that the pension plan's investment strategy did not violate fiduciary duties.
DOL Withdraws Appeal of Stay of 2024 Fiduciary Rule
The Department of Labor’s proposed rule would have expanded the definition of a fiduciary for retirement investors, including rollovers from...
AT&T ERISA Complaint Dismissed by Federal Judge
Plaintiffs accused AT&T of using 401(k) plan forfeitures to offset company contributions, but the judge ruled that AT&T’s actions followed decades...
DOL Opinion Fuels Clash Over Whether Morgan Stanley’s Adviser Pay Is Really an ERISA Plan
A federal court’s narrow reading of ‘bonus’ pay—and the DOL’s sharply different view—could reshape how Wall Street structures deferred compensation.
Automotive Group Allegedly Lost 9% of 401(k) Assets During Recordkeeper Switch
Rick Case Enterprises Inc. allegedly mishandled its service provider conversion to Principal Financial Group from Empower Retirement, but neither recordkeeper...
Fidelity, Centene Face ERISA Suit for Excessive Fees, Misused Forfeitures
Fidelity is accused of creating a conflict of interest by having its affiliates serve as trustee and investment advisers to...
ERISA Case Against WPP Group USA Dismissed
A federal judge dismissed a complaint accusing WPP Group USA of misusing employee forfeitures to offset company costs rather than...