Browsing Tag
401(k) Litigation
249 posts
$8.5 million settles Safeway, Aon Hewitt excessive fee 401k lawsuit
Grocery chain Safeway and Aon Hewitt Investment Consulting Inc. agreed to pay a combined $8.5 million to end…
MIT Settles Fidelity 401K ‘Quid Pro Quo’ Case
The Massachusetts Institute of Technology has reached an agreement in principle to settle a lawsuit in which its…
Reg BI Lawsuit: 8 Attorneys General Sue SEC
It was only a matter of time before a lawsuit would be filed against the Securities and Exchange…
Lawsuit Targets Fiduciary Failures of One of the ‘Most Expensive’ 401k Plans in U.S.
The latest class action 401k lawsuit was filed in Texas on Tuesday against San Antonio-based grocery chain H-E-B,…
Advisor Charged With Stealing Funds For Travel, Luxury Hotels
An advisor with “penchant for international travel” racked up massive amounts of credit card debt, and allegedly used…
MIA: Clear Guidance About Missing 401k Participants
With the Department of Labor by all accounts stepping up a national audit campaign targeting 401k plans with…
Why 401(k) Advisors Should Be Concerned By Latest Schlichter Settlement
A condition buried in the recent settlement of a lawsuit brought against Vanderbilt University by famed fiduciary breach…
Will Your Target-Date Fund Trigger a Fiduciary Lawsuit?
Target-date funds may be the ticking time bomb of ERISA litigation. There are major differences among target-date funds,…
Contractor Constructs Fraudulent $3 Million Recordkeeper Scheme
The owner of two contracting companies is facing jail time after pleading guilty to money laundering in the…
Miners Locked Out of 401ks Get Access to Funds
Miners with money withheld from their paychecks that was subsequently not deposited to their retirement accounts will now…