Tag: ERISA
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...
Court Filing Details $13M UPenn 403(b) Lawsuit Settlement
Emergence of the settlement details comes after the filing of a stay motion in December.
Lawsuit Says Provider Used Plan to Promote Its Own Funds
Associated Banc-Corp is also accused of allowing the plan to pay excessive recordkeeping fees to its subsidiary.
Dueling Dismissal Motions Denied in BlackRock Self-Dealing Lawsuit
The ruling states there are genuine disputes of material facts as to make summary judgement, whether in favor of the plaintiffs or the defense, inappropriate at this time.