Browsing Tag
401(k) Litigation
269 posts
401(k) litigation refers to legal actions brought by plan participants against employers or plan fiduciaries, typically alleging mismanagement of retirement plans. Common claims include excessive fees, poor investment choices, failure to monitor service providers, and breaches of fiduciary duty under ERISA. These lawsuits seek to hold fiduciaries accountable for decisions that may harm participants’ retirement savings. The outcomes can lead to financial settlements, plan reforms, or precedent-setting rulings that impact fiduciary standards.
TD Ameritrade Named in Another Suit Over MOVEit Breach
Plaintiffs accuse the financial institution of failing to safeguard and protect their personal information from an attack they state was foreseeable
TIAA Sued For MOVEit Cyber Hack
A former employee of TIAA said the company failed to protect victims' personally identifiable information
Most ERISA Excessive Fee Cases Surviving Motions to Dismiss
Mid-year analysis from Euclid Fiduciary finds plan sponsors only winning about 30% of dismissal motions—fewer than in 2022
American Airlines Pilot Cuts Fidelity and Financial Engines from ESG Suit
The plaintiff dismissed both parties from the suit, leaving American Airlines and its employee benefits committee on as defendants
Ameritas 401(k) Faces ERISA Suit
Three former employees allege Ameritas failed to review the plan's investment portfolio to ensure proper performance and cost
DST 401(k) Plan Fiduciaries On Hook for $125 Million in ERISA Settlement
Department of Labor announces “extraordinary” settlement in case where more than 9,000 participants suffered large losses due to plan’s lack of diversified investments
DC’s Fiduciary Pulse
To help them protect defined contribution retirement plans, independent ERISA attorneys like those at Groom Law Group keep a finger on the pulse of policy developments in Washington D.C.
American Airlines Pilot Sues Company 401(k) Over ‘Woke’ ESG Investing
Proposed class action claims airline’s retirement plan is filled with investments that pursue “leftist political agendas” through environmental, social, and corporate governance strategies
5 Trends Creating Opportunity for 401(k) Advisors: Broadridge Fi360 Solutions
Capital Group’s Jonathan Young says it’s a great time to be a retirement plan advisor
Legislation, Regulation, Litigation Driving Change in 401(k) Plans: Callan
Just-released Callan 2023 Defined Contribution Trends Survey paints detailed picture of challenges and opportunities facing DC plan sponsors