Tag: ERISA

The plaintiffs allege plan fiduciaries used what it calls ‘cobbled-together services from many providers’ and didn't monitor fees for any...

Among other claims, the lawsuit says Aon and a 401(k) plan sponsor caused the plan to invest in Aon’s proprietary collective investment trusts (CITs) for Aon’s benefit.

Plan fiduciaries' motions to dismiss the excessive fee suit were denied as a federal judge found the plaintiffs' claims were...

The plaintiffs in a new lawsuit against Allianz Global Investors say the asset manager failed to provide the hedging strategies it said it would include in a pension...

Principal prevailed in a lawsuit that alleged it set the crediting rate for a guaranteed investment contract (GIC) such that...

Brenntag North America denied any wrongdoing regarding the alleged failures that plaintiffs said caused excessive investment and recordkeeping fees in...

The case history of IBM v. Jander shows the importance, but also the limitations, of Supreme Court rulings in fiduciary...

The complaint against Wesco Distribution also alleges that the defendants chose higher-cost share classes for investments.

The judge found that plaintiffs in the case challenging the use of an actively managed TDF suite rather than its...

As part of an excessive fee lawsuit against Shell Oil, Fidelity was named as a defendant and accused of breaching...

The investment firm has agreed to pay $9.65 million to resolve a fiduciary breach lawsuit, first filed in 2017, questioning...

Lander says her practice, Renaissance Benefit Advisors Group, thoroughly enjoys its independence.

Among the interesting points of legal discussion in the magistrate judge's report is an evaluation of the standard embraced by...

The financial services company is facing self-dealing allegations that closely echo those filed—with mixed results—against many of its industry peers.

The American Red Cross is accused of allowing excessive investment and recordkeeping fees in its 401(k) plan.

A newly filed settlement agreement stipulates that Norton Healthcare and Lockton will each pay half of a total settlement of $5.75 million, which will be used to compensate...

Related self-dealing claims made against other national financial services providers by participants in their own retirement plans have met varying...

The court found that plaintiffs were never given clear instructions for how to exhaust their administrative remedies for claims of...

The firm is accused of self-dealing in its retirement plan in violation of the Employee Retirement Income Security Act, to...