Tag: ERISA

Pooled employer plans could be the next big target in ERISA litigation, according to Jamie Fleckner, an ERISA defense attorney...

The settlement will cover more than 6,000 current and former participants of the Hess Corp. Employees’ Savings Plan.

The plan’s custom benchmark failed to properly track the investments, which underperformed similar funds, according to the plaintiffs.

Retirees accused Northrop Grumman Corp. of allegedly misinforming pension participants about their promised benefits.

The Supreme Court will take up the case's main outcome, after already ruling on a separate part of the case...

Hiring 3(38) investment managers can reduce employers’ exposure to claims tied to investment performance, but they still need to be...

A judge in Pennsylvania wrote that plaintiffs lack standing to sue Allegheny Technologies over a transfer of $1.5 billion in pension...

A district judge in New York will decide the next steps in the case alleging excessive recordkeeping fees in Cornell...

Former employees allege that Duke University chose not to use forfeited funds to reduce retirement plan expenses, even though contributions...

Common interest agreements between legal firms and the Department of Labor have attracted prior criticism but they are less likely...

Many logistical issues remain for the pilot program that will open $1,000 investment accounts for newborn U.S. citizens.

A judge ruled that plaintiffs showed enough evidence of alleged ERISA violations resulting from the company offloading pension obligations to...

Like similar cases, Capital One was accused of mismanaging its 401(k) plan by using plan forfeitures to reduce contributions.

The lawsuit alleged that General Electric and related fiduciaries violated the Employee Retirement Income Security Act when they selected Athene...

Plaintiffs allege that GWA’s 401(k) strategy was extremely risky and egregious, and its retirement plan was 100% invested in its...

The Department of Labor decided that Morgan Stanley's deferred compensation program is a bonus, rather than a pension plan subject...

IBM allegedly jeopardized the retirement security of more than 132,000 former workers by offloading billions of dollars in two pension...

Attorneys from the AARP Foundation are co-counsel in a lawsuit that claims TIAA invested plan participants’ retirement funds in a...

Plaintiffs allege that Weyerhaeuser improperly transferred $1.5 billion in pension liabilities from its pension plan by purchasing annuity contracts.

A district court judge in Georgia ruled that Home Depot’s use of forfeited funds aligned with the retirement plan’s terms.