Tag: retirement plan litigation

New York transit worker pension plans say the firm's mismanagement caused 'astonishing' losses.

The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things.

Parties agreed that a payment of $225,000 will settle the remaining claim in the case related to the share class of the TIAA-CREF Lifecycle Funds.

The drumbeat of Employee Retirement Income Security Act (ERISA) excessive fee lawsuits rolls on.

The 7th U.S. Circuit Court of Appeals last year overturned a lower court’s decision to summarily dismiss the lawsuit, which argued OSF Healthcare System’s retirement plan should be...

The suit alleged 401(k) plan fiduciaries selected numerous investment options not to benefit the plan or its participants, but because they paid fees to Mutual of Omaha or...

The Blue Cross and Blue Shield Association National Employee Benefits Committee says if the investment strategy of certain funds had been followed, they wouldn't have lost as much...

Now that the U.S. Supreme Court has ruled on the meaning of 'actual knowledge,' Christopher Sulyma has joined a lawsuit filed against Intel last year.

Pentegra Retirement Services and other plan fiduciaries are accused of failing to make sure fees are reasonable and acting in Pentegra’s, not plan participants', interest.

Retirement plan advisers were given ideas to consider and actions to take in response to new legislation, regulation and litigation.

Parties in the lawsuit against Cornell University have asked for the trial on the one remaining claim in the suit to be vacated.

As in a lawsuit filed in July, the plaintiffs in the recent case challenge the use of an actively managed TDF suite over an index suite.

The lawsuit is one of many filed recently claiming that the use of an index suite of Fidelity TDFs is more prudent.

Allegations in the lawsuit mirror those of the many excessive fee suits filed against retirement plan sponsors.

The case against B. Braun Medical contains allegations similar to those in many complaints filed this year.

The New England Teamsters and Trucking Industry Pension Fund, in its long-running legal attempt to collect withdrawal liability, has filed a petition with the U.S. Supreme Court.

A court ordered Colgate-Palmolive to recalculate benefits paid to certain retirees from its cash balance plan but stayed the relief to allow time for an appeal.

The suit alleged excessive fees were paid to the recordkeeper of the company's 401(k) plan through undisclosed revenue sharing.

The allegations basically mirror those included in the long list of excessive fee suits filed.

Prime Healthcare Services is one of the latest targets of an ERISA 401(k) excessive fee suit.