Tag: Participant Lawsuits

A survey finds the majority of DC plan sponsors that offer company stock as an investment option have no plans to make changes to the offer, despite a...

Staff reductions over several years must be related to be considered together when deciding if a partial pension plan termination occurred.

In Amara v. CIGNA Corp., an appellate court has once again agreed that a change in plan terms is an appropriate remedy for plan misrepresentations.

A federal district court has found the defined benefit (DB) retirement plan of Advocate Health Care Network and its subsidiaries is not a “church plan” under the Employee...

A federal district court has denied Boeing’s request for summary judgment on the merits of Spano vs. The Boeing Company, a long-running excessive 401(k) fee case.

The United States Supreme Court will hear arguments in the closely watched 401(k) fee litigation case Tibble v. Edison near the end of February.

A brief submitted by the U.S. Solicitor General to the United States Supreme Court argues in favor of plaintiffs in Tibble v. Edison International—a case that could have...

Trends, legislation, regulations and litigation will continue to affect the retirement industry in 2015.

A lawsuit has been filed that some say is the first to cite the Supreme Court case about whether retirement plan fiduciaries have a presumption of prudence for...

A federal district court has approved the Department of Labor’s motion to intervene in a 401(k) excessive fee case.

The 9th U.S. Circuit Court of Appeals has revisited its ruling in a retirement plan stock drop suit in light of the U.S. Supreme Court’s decision in Fifth...

Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to settle a lawsuit brought by a 401(k) plan sponsor alleging the company breached its fiduciary duties when it received...

A federal appellate court found that a clause in a retirement plan document restricting the venue of lawsuits filed against the plan is enforceable.

The owner of Bruister and Associates and trustees of its employee stock ownership plans (ESOPs) were found responsible for causing the plan to pay too much for employer...

The U.S. Supreme Court announced early this month that it would review parts of an important 401(k) fee litigation case, Tibble v. Edison, sparking intense debate across the retirement planning...

A federal district court judge has found a participant in the UBS Savings and Investment Plan (SIP) lacks standing to sue regarding the offering of UBS company stock...

As lawsuits over share classes move forward, can the investment policy statement (IPS) help the plan sponsor avoid litigation?

Another federal appeals court has ruled employers can eliminate retirement plan transfer provisions allowing employees to move assets from a defined contribution plan to a defined benefit plan.

Participants in the Citigroup 401(k) plan can move forward with their claims plan fiduciaries violated the Employee Retirement Income Security Act (ERISA) by offering affiliated funds in the...