Principal Life Insurance Co. Named In Self-Dealing ERISA Suit
Related self-dealing claims made against other national financial services providers by participants in their own retirement plans have met varying...
Tag: ERISA
Court Again Denies Dismissal of BBVA Lawsuit Alleging 401(k) Mismanagement
The court found that plaintiffs were never given clear instructions for how to exhaust their administrative remedies for claims of...
Natixis Investment Managers Target of ERISA Lawsuit
The firm is accused of self-dealing in its retirement plan in violation of the Employee Retirement Income Security Act, to...
Cerner Agrees to $4.05 Million Payment to Settle Excessive Fee Suit
The proposed settlement agreement also includes non-monetary terms.
NFP Named in ERISA Lawsuit Alongside Plan Sponsor
Much of the text of the complaint is dedicated to detailing the reduction in the average fees paid by large...
Raytheon ‘Actuarial Equivalence’ Settlement Details Published
Allegations in the underlying lawsuit match those included in an emerging class of cases filed against large employers across the United States.
Too Many Issues Make Summary Judgment Inappropriate in Lowe’s ERISA Case
The judge ordered that the case proceed to trial on the merits in the absence of a voluntary resolution of...
DOL Confirms Fiduciary Prohibited Transaction Exemption Will Stand, For Now
In the coming days, the agency will publish related guidance for retirement investors, employee benefit plans and investment advice providers.
Land O’Lakes ERISA Excessive Fee Suit Receives Mixed Ruling
The decision means the fiduciary breach lawsuit filed against the Land O’Lakes dairy company will keep churning through the courts—or...
Abbott Lab Defense Again Succeeds in ERISA Case
The underlying lawsuit involves claims that plan fiduciaries failed to adequately protect a participant’s account, allegedly resulting in the theft of funds.
Walsh Signals Potential DOL Priorities in Confirmation Hearing
The labor secretary nominee spoke proudly of his labor roots and his ties to Boston, while responding to varied questions...
Coca-Cola Bottlers’ Association MEP Faces ERISA Complaint
The $800 million retirement plan in question is used by participants dispersed across 65 independent U.S. Coca-Cola bottlers.
Actively Managed Funds and High-Cost Share Classes Called Out in ERISA Suit
Participants of a terminated 403(b) plan say the plan sponsor's fiduciary breaches caused them approximately $4.6 million in losses.
DOL Secretary Nominee Walsh Faces Senate Hearing This Week
Sources say Marty Walsh’s long-term ties to organized labor will likely be a main topic of discussion at the forthcoming confirmation hearings, but pension issues and retirement security...
DOL Q&A: What’s Next with ESG, Fiduciary and Proxy Regs?
The path ahead is clearer for insurance producers and fiduciary investment advisers compared with the potential ambiguities facing broker/dealers, says...
Court Finds Insufficient Evidence for ERISA Claims Against Intel
For most claims regarding the use of alternative investments in Intel Corp.'s retirement plans, the judge found the plaintiffs didn't...
DOL Secretary Objects to Provision in Settlements of DST ERISA Lawsuits
The settlements include a provision that would bar Secretary of Labor Eugene Scalia from continuing his efforts in a lawsuit he filed regarding the same matter.
Mercedes-Benz Is Latest National Brand to Face ERISA Litigation
Similar complaints have met different fates in the courts, based largely on the degree to which judges feel the preliminary...
Schlichter Strikes Again, This Time Against Takeda Pharma’s 401(k)
The lawsuit alleges that plan fiduciaries selected unproven TDFs for the plan, failed to monitor them and failed to replace...