Tag: Participant Lawsuits

The insurance company will pay $3,000,000 to a settlement fund.

The plaintiff argues she was improperly fired to prevent her from fully vesting in pension and retirees healthcare benefits. 

Advicent introduced new client report integration capabilities in its latest update of the NaviPlan financial planning software. 

A participant who drew four loans from a retirement account over the years argues her provider inappropriately kept portions of interest payments that should have been credited back...

Fiduciaries have a lot of responsibilities, but they are not required to predict the future, and cannot be held liable for deciding to avoid risks that, in hindsight,...

A federal court judge has denied a motion to dismiss, allowing the case to move forward.

Plaintiffs from the Caterpillar retirement plan feel the price paid for advice was too high and was not transparently tied to the level of service delivered. 

“If there were any doubt about the best interpretation of the church-plan definition, it would be resolved by the position adopted and consistently applied by the IRS, DOL,...

Defendants unsuccessfully argued that the breach of fiduciary claims should be dismissed because they fulfilled their duties by offering an array of investment options.

A lawsuit filed against JP Morgan Chase in New York levels a series of allegations that are by now very familiar to retirement industry professionals. 

The complaint alleges that defendants “reaped significant fees and profits at the expense of the plan and its participants.”

A federal court rejected Franklin Templeton's arguments that the plaintiff in the case failed to state a claim.

This is the question in a petition before the Supreme Court in a case involving a leveraged buyout of an ESOP.

A new series of white papers from Fiduciary Benchmarks asks the challenging question, “Who has the job of determining whether an adviser’s compensation is reasonable?”

In the settlement agreement, the company denied any wrongdoing in its handling of the company stock fund in its retirement plan.

U.S. District Judge Victor A. Bolden first determined that Prudential was not a fiduciary with respect to the lawsuit’s allegations.

Plaintiffs suggest their employer should have allowed a single recordkeeper to service its traditional DC plan and its 403(b)—and that it paid excessive fees by paying for distinct...

Two plan trustees are accused of breaching their fiduciary duties by failing to take action to recover funds owed to a money purchase plan, which was loaned in...