Tag: ERISA
Goldman Sachs Sued Over 401(k) Plan
Lawsuit alleges firm used underperforming proprietary mutual funds in plan.
AT&T Plan Members Sue Over Early Retirement Calculations
Walgreens Sued for $300 Million over Alleged 401(k) Mismanagement
Suit says poorly performing funds were ‘devastating’ to retirement accounts.
Rhode Island General Assembly Passes Religious Pension Bill
Legislation would require church plans to follow ERISA standards.
SSM Health Agrees to $60 Million Settlement in Church Plan Lawsuit
Workers accused the health system of improperly claiming it was a church plan.
Supreme Court Agrees to Hear Case on ERISA Statute of Limitations
Lawsuit against Intel claims company plans included overly risky investments.
Brown University Settles ERISA Class Action Suit for $3.5 Million
Complaint alleged excessive fees cost 403(b) participants millions.
Court Dismisses Exxon Lawsuit over Climate Impact
Complaint alleged oil company’s fiduciaries violated ERISA.
American Century Wins 401(k) Class Action Lawsuit
Judge rules that offering employees only proprietary funds does not violate ERISA.
Court Rules Firms Can’t Skirt Pension Withdrawal Fee
Construction company owes more than $641,000 for leaving multiemployer plan.
Duke Pays More than $10 Million to Settle Retirement Plan Lawsuits
The university allegedly violated ERISA with poor investments and unreasonable expenses.
Pension Fund Sues Ocwen over Alleged Breached ERISA Duty
Lawsuit claims firm hurt pension’s investments by pushing homeowners into foreclosure.
High Court Ruling May Not Settle Church Plan Issue
Sotomayor comments suggest decision goes against spirit of ERISA exemption.
Sears Transfers Pension Liabilities to MetLife in “De-risking” Move
Beginning August 1, 51,000 participants will receive benefit payments from MetLife.