Compliance November 19th, 2021 Latest Capozzi Adler ERISA Suit Targets Olin Corp. The allegations in the new lawsuit are familiar, suggesting the plan fiduciaries permitted the payment of excessive recordkeeping and investment...
Compliance November 18th, 2021 Some Claims Dismissed in LinkedIn Excessive Fee Suit However, the judge has granted the plaintiffs leave to amend the ERISA complaint.
Compliance November 16th, 2021 Defendants in Outdated Mortality Table Suit Agree to Benefit Recalculations The suit against fiduciaries of a Huntington Ingalls Industries pension plan has reached a settlement that includes a $2.8 million payment.
Compliance November 11th, 2021 Mercy Health Plan Fiduciaries to Pay $3.9 Million to Settle Lawsuit The defendants will also retain an independent consultant to review investments and fees, according to the settlement agreement.
Compliance November 9th, 2021 Kroger Faces ERISA Recordkeeping Fee Lawsuit Fiduciaries of the grocery chain’s 401(k) plan are accused of allowing unreasonably high fees for recordkeeping services and failing to...
Compliance November 2nd, 2021 Fiduciaries Accused of Shortchanging Participants in ESOP Sale A Department of Labor lawsuit says the fiduciaries allowed the ESOP's ownership shares to be sold for less than market...
Compliance October 26th, 2021 Walgreen Co. Agrees to Settle Suit Challenging Underperforming TDFs The challenged target-date funds have already been taken out of the plan, and the defendants have agreed to pay $13.75...
Compliance October 22nd, 2021 GKN Latest to Face Scrutiny Over GoalMaker Service Though its GoalMaker portfolio management solution features prominently in the plaintiffs’ allegations, Prudential is not a party in the case.
Compliance October 20th, 2021 Settlement in Dignity Health Church Plan Lawsuit Gets Preliminary Approval Given a third shot, a judge found the parties finally got the settlement terms right.
Compliance October 19th, 2021 Cumulus Media Granted Summary Judgment in 401(k) Excessive Fee Suit A court found a separation agreement signed by the plaintiff when his employment with the company terminated precludes the lawsuit.
Compliance News Legislative and Judicial Actions The SEC returns to cybersecurity enforcement pledge; Form 5500 revisions; revenue-sharing disclosure failures result in SEC action; and more.
Compliance October 15th, 2021 Plaintiffs Claim Deloitte Breached ERISA Prudence Duties Arguments in the new case closely resemble previous lawsuits filed against other firms citing the ERISA fiduciary duties of prudence...
Compliance October 14th, 2021 Aon Triumphs in ERISA Suit Over Lowe’s Investments A judge determined the firm didn’t breach its ERISA fiduciary duties when it encouraged Lowe’s to move more than a...
Compliance October 13th, 2021 TIAA Faces New Managed Account Rollover Complaint Months After Settling SEC Charges A new lawsuit suggests the individual advisory program TIAA clients were rolled into was significantly more expensive and generated hundreds of millions of dollars in fees for TIAA—without...
Compliance October 7th, 2021 Defendants Win Dismissal of TriHealth ERISA Dispute The ruling states that the court does not believe hearing oral arguments would be helpful in resolving the parties’ cross...
Compliance October 5th, 2021 6th Circuit Ruling Might Increase Withdrawing Employer Risk for Multiemployer Plans The appellate court has rejected the use of the "Segal Blend" when calculating withdrawal liability.
Compliance October 1st, 2021 Summary Judgment Order Favors AT&T in ERISA Dispute In granting the defense’s motion for summary judgment, the court brings to a close one of the longest-running and most...
Compliance September 30th, 2021 Dismissal Motions Fail in Allstate ERISA Lawsuit The ruling breaks from other district court orders that have held ERISA plaintiffs lack Article III standing to bring claims...
Compliance September 30th, 2021 Prudential Defeats Fiduciary Breach Lawsuit The underlying complaint was dismissed ‘without prejudice,’ meaning the plaintiff can attempt to replead the claims in a way that...
Compliance September 24th, 2021 Northern Trust Accused of Fiduciary Breaches Related to AutoZone 401(k) The firm has been added as a defendant in a lawsuit that challenges the use of Prudential's GoalMaker asset allocation...