Tag: ERISA

Plaintiffs claim the plan lost $168 million because the employer maintained a fund that persistently underperformed and experienced mass outflows.

The employer advocacy group argued in an amicus brief that WPP made a lawful choice using unvested funds to offset...

Pension plans and multiemployer plans use the heightened rates for valuation and funding purposes.

The decision that a lower court applied an overly rigid benchmark standard in assessing fiduciary imprudence could have broad implications...

The food and facilities services company Aramark alleges its third-party health-plan administrator breached fiduciary duties and engaged in prohibited transactions...

The judge rules that the amended complaint plausibly alleged target-date fund underperformance relative to Fidelity Freedom TDFs.

Retirement industry groups argued that the original decision could question the compliance of almost every defined contribution plan that offers...

The ADP fiduciary committee will review its retirement plan’s target-date funds as part of the settlement.

Like several other pro-employer pension risk transfer rulings, the judge said the plaintiffs lack standing to sue as they continued...

This is the department’s latest brief supporting employers whose use of forfeited, unvested 401(k) matching contributions has been challenged.

The ERISA Industry Committee argues that if a circuit court allows for the case to process, it would discourage the...

Separate from her divorce proceedings, the plan fiduciary is accused of losing $2 million in investments in her 401(k) and...

Speakers at a public hearing argued that reducing enrollment barriers and leveraging state programs could expand access to the new...

The amicus brief filed by employer and business groups argues that the company’s retirement plan grants administrators discretion in allocating...

Pending district court approval, the agreement would conclude an ERISA case accusing the company of reducing pension payments.

Amicus briefs by the Department of Labor and the employer group warned the Supreme Court to not allow lawsuits under...

The company argues that claims of underperformance should be judged against a meaningful, comparable benchmark.

The Virginia lawsuit claims that plan fiduciaries kept a Nuveen fund that consistently trailed the S&P 500 for years.

The insurer and healthcare company, which is accused of fiduciary breaches, lost a motion in federal court to dismiss a...

Illinois and Tennessee’s separate laws allegedly interfere with governance by ERISA, according to the Pharmaceutical Care Management Association.