Tag: ERISA

The lawsuit argues that while the TDFs in the plan are CITs, they are private label CITs with much higher expense ratios than the typical CITs offered by...

The complaint calls out the warehouse club's use of "more costly ‘actively managed funds’ rather than ‘index funds’ that offered equal or better performance at substantially lower cost."

Secretary of Labor Eugene Scalia says employer-sponsored plans ‘are not vehicles for furthering social goals or policy objectives.’

The 2nd U.S. Circuit Court of Appeals has remanded the litigation suit back to the district court for a second review. 

A special valuation was processed before three terminated participants were given distributions of their 401(k) plan accounts.

The lawsuit points to a variety of alleged fiduciary breaches related to the Oshkosh Corp.’s retirement plan’s investment and recordkeeping fees.

The lawsuit alleged the firm violated the Employee Retirement Income Security Act (ERISA) by maintaining the Neuberger Berman Value Equity Fund as an investment option in its plan.

The regional banking company is accused of breaches of the fiduciary duties of prudence and loyalty.

After attorneys suggested ways to help streamline the trial, the judge instructed the parties to inform the court of the reduced number of trial days now necessary for...

In yet another lawsuit involving the law firm Capozzi Adler, violations of the fiduciary duties of prudence and loyalty are alleged.

The underlying allegations in the case involve the 2012 spinoff of Phillips 66 from the ConocoPhillips Corp., a large oil and gas company.

Part of the Supreme Court’s reasoning in affirming two lower court rulings in Thole v. U.S. Bank is the fact that the Department of Labor polices pension plan...

The agreement also calls for the university to issue an RFP for recordkeeping services and engage an independent consultant to review investments, among other things.

Normally the Supreme Court strives to structure its rulings with the narrowest possible scope and implications, but that is not always the case.

The case is expected to help determine whether the millions of Americans whose pensions are held in defined benefit plans have the right to sue the fiduciaries of...

Plan participants allege prohibited transactions between a plan sponsor and its investment manager relating to a revamp of the plan's investment lineup.

A federal judge previously moved forward ERISA claims against retirement plan providers and has recently allowed for a counterclaim by the providers against the plan sponsor.

In other ways, the excessive fee lawsuit is identical to others filed by law firm Capozzi Adler.

A payment of $9 million will be made to “fully, finally and forever resolve, discharge and settle the released claims.”

The district court’s partly overturned ruling against the plaintiffs followed the school’s standard filing of a motion to dismiss for failure to state a claim.