401(k) Plans

Universal Health Services 401(k) Plan Administration Settlement

This settlement resolves a class action against Universal Health Services, Inc. (UHS) and the UHS Retirement Plans Investment Committee alleging these entities violated the Employee Retirement Income Security Act (ERISA). The complaint alleged they breached their fiduciary duties in their administration of the plan.  Read more

LHC Group 401(k) Plan Breach of Fiduciary Duties Class Action

This class action, against LHC Group, Inc., the LHC Group 401(k) Committee, and a group of individuals, alleges that these defendants mismanaged the company’s LHC Group 401(k) Plan. The complaint claims they paid excessive fees for services, chose more expensive share classes than they needed to, and maintained underperforming investment options in the plan when  Read more

Coriant 401(k) Plan Breach of Fiduciary Duty Settlement

This settlement resolves a class action against Infinera Optical Networks, Inc., formerly known as Coriant Operations, Inc., on behalf of the Coriant 401(k) Plan. The complaint alleged that the company breached its fiduciary duties to the participants in the plan and engaged in prohibited transactions, in violation of the Employee Retirement Income Security Act (ERISA),  Read more

L Brands 401(k) Breach of Fiduciary Duty ERISA Settlement

This settlement resolves a class action against certain L Brands entities (L Brands, Inc., L Brands Service Company, LLC, and the Retirement Plan Committee of the L Brands, Inc. 401(k) Savings and Retirement Plan) alleging they breached their fiduciary duties to the 401(k) plan under the Employee Retirement Income Security Act of 1974 (ERISA). The  Read more

Old Dominion Retirement Plan Breach of Fiduciary Duty Class Action

Old Dominion Freight Line, Inc. has a retirement plan for its employees, the Old Dominion 401(k) Retirement Plan, which is governed by the Employee Retirement Income Security Act (ERISA). The complaint for this class action alleges that Old Dominion has breached its fiduciary duties of prudence and loyalty under ERISA by choosing high-priced investment options  Read more

Allegiant 401(k) Plan Breach of Fiduciary Duty Class Action

The Employee Retirement Income Security Act (ERISA) imposes fiduciary duties on companies and others responsible for employee retirement plans. This class action brings suit against Allegiant Travel Company, claiming it breached its fiduciary duties of loyalty and prudence to the Allegiant 401(k) Retirement Plan.  Read more

Wells Fargo 401(k) Plan “Self-Dealing” Stock Purchase Class Action

This class action concerns a purchase of stock for the employee stock ownership plan (ESOP) portion of the Wells Fargo & Company 401(k) Plan. The complaint alleges that the terms of the deal amount to self-dealing by the company and a breach of fiduciary duty, both in the price of the shares and the terms  Read more

RWJBarnabas Retirement Plans Breach of Fiduciary Duty Settlement

This settlement resolves a class action alleging breach of fiduciary duty to two retirement plans, the RWJBarnabas Health 401(k) Savings Plan and the RWJBarnabas Health 403(b) Savings Plan. The complaint brought suit against Barnabas Health, Inc., its Investment Committee, and its Defined Contribution Plans and ERISA Administrative Subcommittee or the Investment Committee, alleging these were  Read more

North Memorial Health 401(k) Plan Breach of Fiduciary Duties Class Action

This class action concerns the North Memorial Health 401(k) Plan, alleging that the parties responsible for it—North Memorial Health Care and the Board of Directors of North Memorial Health Care and its members—breached their fiduciary duties to the plan under the Employee Retirement Income Security Act of 1974 (ERISA). The complaint alleges that in choosing  Read more

Lowe’s 401(k) Plan Litigation Settlement

A partial settlement has been reached with Lowe’s Companies, Inc. and the Administrative Committee of Lowe’s 401(k) retirement plan, in a class action suit against these parties and Aon Hewitt Investment Consulting, Inc. The complaint alleged that the defendants breached their fiduciary duties to the plan under the Employee Retirement Income Security Act (ERISA) when  Read more