Tag: Participant Lawsuits

The Department of Labor (DOL) is suing a Bigler, Pennsylvania, trucking company to recover employee contributions and payments to its 401(k) plan.

Another participant in Fidelity Investments’ own retirement plan has brought a lawsuit saying participants paid excessive fees.

A plan sponsor’s request that a retiree return nearly $730,000 in overpaid pension benefits has won court approval.

A federal appellate court has vacated a ruling about offsetting pension benefits and remanded the case back to a district court.

The Department of Labor (DOL) is seeking to restore losses to an employee stock ownership plan (ESOP) based in Warsaw, Indiana.

The Department of Labor (DOL) hopes to remove the trustee of a 401(k) plan based in Elgin, Illinois.

The Department of Labor (DOL) has received court authorization to compel the trustee of a profit-sharing plan in Aiea, Hawaii to restore mismanaged plan assets.

The Supreme Court upheld the ruling of two lower courts in a case testing litigation limitations in plans covered by ERISA.

The U.S. Supreme Court has agreed to hear a case raising fiduciary issues and questions about what constitutes prudent investment decisionmaking within employee stock ownership plans (ESOP).

The Department of Labor (DOL) has filed a lawsuit in U.S. district court to recover plan assets from the fiduciaries of Omni Resources Inc., a Milwaukee-based information technology...

A federal district court in northern Indiana ruled a retirement plan sponsor must pay nearly $4,500 in penalties for failing to provide historical, plan-related documents.

Participants and beneficiaries of the MassMutual Thrift Plan have filed a lawsuit in federal court against MassMutual.

A new website offers plan sponsors and advisers guidance on meeting fiduciary obligations related to employer-sponsored retirement plan fee disclosure regulation.

The Department of Labor (DOL) has obtained a consent judgment to recover plan assets.

More than $150,000 must be restored to the profit-sharing plan of a now-defunct Illinois company, said the U.S. Department of Labor...

Claims brought against John Hancock Life Insurance Company by retirement plan participants have been dismissed.

The Securities and Exchange Commission (SEC) filed a civil injunctive action against Armand R. Franquelin of Ogden, Utah, and Martin A. Pool of Atlanta. 

A court has rejected a retiree’s attempt to continue receiving pension overpayments caused by a glitch in a plan consultant’s computer system.

Another lawsuit has been filed against Fidelity Investments regarding its use of float income.

The Department of Labor (DOL) reached a settlement to compensate employee benefit plans for losses suffered through investments in Bernard L. Madoff’s Ponzi scheme.