Tag: retirement plan litigation

Participants in a terminated 403(b) plan challenged the use of actively managed funds and higher cost share classes.

Attorneys representing the plaintiffs in Hughes v. Northwestern University say the Supreme Court’s ruling strengthens fiduciary protections for retirement plan...

The plaintiffs also claim TDFs and other funds offered in the 401(k) plan were imprudent.

The high court’s ruling states that the 7th U.S. Circuit Court of Appeals erred in relying on the fact that plaintiff-participants had the ‘ultimate choice’ over their investments...

Meanwhile, the same law firm that filed the settled case has launched a new case with similar claims against another...

The plaintiff in a 403(b) ERISA excessive fee lawsuit filed against Baptist Health South Florida has been ordered by a district court to enter an arbitration process.

The suit alleges that John Hancock Life Insurance Co. violated ERISA by retaining foreign tax credits generated by plans’ investments...

Imprudent investments and excessive fees were themes of lawsuits filed last week against retirement plan fiduciaries.

Milliman has been accused of failing to remove poorly performing investments, subadvised by its affiliate, from its 401(k) plan.

The denial of the defense’s dismissal motion opens the door for either trial or settlement in an ERISA lawsuit that...

The lawsuit challenged the use of an active suite of TDFs versus an index suite, among other things.

The new ruling, filed in favor of the defendants, is just the latest action in what has been a long-running...

The plaintiffs in an ERISA fiduciary breach lawsuit known as Fleming v. Rollins Inc. have refiled their complaint in federal...

The complaint claims ERISA violations against the company for allegedly deflating the plan’s value.   

The defendants’ motion for summary judgment, based on the release of claims and their contention that the plaintiff didn’t suffer an injury, was denied.

The original lawsuit was dismissed in September, but the plaintiffs were given time to file an amended complaint, which they...

Like the many other ERISA lawsuits filed against large financial service providers, the complaint alleges that the defendants failed to...

Plan fiduciaries face a breach of duty of prudence claim over allegedly excessive investment and recordkeeping fees.

Among other allegations, the plaintiffs claim Voya engaged in an imprudent process while selecting and retaining proprietary target-date funds and a stable value option.