Tag: ERISA

A court has rejected the plan sponsor’s motion to dismiss breach of fiduciary duty allegations.

A federal appeals court judge’s ruling reversed and remanded the case after motions to dismiss were granted by lower court...

The lawsuit accused Wells Fargo of using its 401(k) plan to seed new proprietary funds, among other things.

The employer claimed it had standing because the actions of ADP and others put it under threat of being sued...

While the case has previously been dismissed, the plaintiffs have had better success with their amended complaint, such that key...

While some aspects of the plaintiffs’ complaint have been dismissed, the core allegations in the complaint can now proceed to...

The lawsuit alleges 401(k) plan fiduciaries and a former investment manager breached their fiduciary duties by allowing a large portion...

The litigation was originally focused on fiduciary breach allegations leveled against a hospital network—claims which have since been settled—but it...

The complaint cites the Supreme Court’s recent ruling in Hughes v. Northwestern University while arguing the plaintiffs have sufficient standing...

Plan participants claim they were charged excessive fees for a plan with over $1 billion in assets.

While the order determines that outright dismissal at this stage is inappropriate, it also notes that the plaintiffs need to...

The complaint says the defendants failed to negotiate contractual terms for the firm’s 401(k) plan’s guaranteed investment fund that were comparable...

A lawsuit says the organization offered ‘untested’ target-date funds and that those funds and others were more expensive than other funds available to use in its 401(k) plan.

A former employee claims he wasn’t told he could repay to the company’s retirement plan his previous distribution and that...

The agreement, in which Costco admits no wrongdoing, also includes mandatory changes to the plan’s fee management process.

An employee has sued the company for not being able to defer a percentage of his tip wages into the...

The DOL’s Compliance Assistance Release No. 2022-01 urges plan fiduciaries to exercise ‘extreme care’ before they consider adding a cryptocurrency option to a 401(k) plan’s investment menu.

The former Greenspring Advisors professional describes FiduciaryRx as a modern tech platform that empowers advisers to improve the ‘fiduciary wellness’ of their plan sponsor clients.

The amendments remove credit rating requirements related to the evaluation of non-convertible debt securities, commercial paper and securities lending transactions.

The case has a complex procedural history that has seen rulings issued both in favor of the plaintiffs and in...