Costco 401(k) Retirement Plan Breach of Fiduciary Duty Class Action

Company retirement plans are governed by the Employee Retirement Income Security Act (ERISA). The complaint for this class action claims, “The law is settled that ERISA fiduciaries have a duty to evaluate fees and expenses when selecting investments as well as a continuing duty to monitor fees and expenses of selected investments and remove imprudent  Read more

Long Aisle in a Costco Store

Estee Lauder 401(k) Plan Breach of Fiduciary Duty Class Action

The Employee Retirement Income Security Act of 1974 (ERISA) governs retirement plans at larger companies. The complaint for this class action alleges that Estee Lauder, Inc., its Board of Directors, and the Estee Lauder Inc. Fiduciary Investment Committee, alleging that these defendants breached their fiduciary duties to the Estee Lauder Companies 401(k) Savings Plan for  Read more

A Selection of Four Estee Lauder Products

Starbucks Deficient COBRA Notice at Separation Class Action

Certain federal laws regulate the benefits larger companies provide to their employees. Under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA), an employee terminated under certain circumstances can continue to benefit from the company’s medical plan for a period of time. However, the complaint for this class action alleges that Starbucks Coffee Company does  Read more

Two Frappucinos, Piled High with Whipped Cream and Toppings

KeyCorp 401(k) Plan Expenses and Oversight Class Action

When a company sets up a retirement plan for its employees, the people overseeing the plan have a fiduciary duty to the members of the plan. They must act in the interests of those members and not in the interest of themselves, the company, or any other party. The complaint for this class action alleges  Read more

Coins in Jar Labeled "Retirement"

Bank of America Improper COBRA Notice for Terminated Employees Class Action

The Employment Retirement Income Security Act of 1974 (ERISA) was amended in 1985 with the Consolidated Omnibus Budget Reconciliation Act (COBRA), which permits certain employees who separate from a company to continue their coverage under the company’s health care plan for a limited period of time. The complaint for this class action alleges that Bank  Read more

Sign Against Blue Sky with Bank of America Name and Logo

John Hancock 401(k) Plan Management ERISA Class Action

Those who manage retirement plans have a fiduciary duty to plan participants. This means that they must act in the interest of the plan participants and beneficiaries. The complaint for this class action alleges that those managing the John Hancock Life Insurance Company (USA) acted in the interests of the company instead, by inappropriately favoring  Read more

John Hancock Signature Logo

Shell Oil 401(k) Plan Fiduciary Duties ERISA Class Action

The Employee Retirement Income Security Act (ERISA) governs retirement plans and other benefits at large companies and specifies that plan administrators and trustees have a fiduciary duty to act for the exclusive benefit of plan participants. In this class action, the complaint alleges that Shell Oil Company and various other defendants, some associated with Fidelity  Read more

Shell Logo Attached to Gas Station Roof Against Blue Sky

Best Buy COBRA Health Insurance Notices Class Action

When the employee of a large company separates from that company because of a “qualifying event,” they are permitted to carry over their health care coverage for a period of time, under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). However, the complaint for this class action alleges that Best Buy Co., Inc. or  Read more

Front of Best Buy Store

Allina Health System Retirement Plan Settlement

Allina Health System is settling a class action about its 403(b) and 401(k) retirement plans brought under the Employee Retirement Income Security Act (ERISA). The complaint alleged that the those in charge of the plans violated their fiduciary duties in connection with the monitoring and selection of the plans’ investment options.  Read more

Elderly People on Bench Enjoying Mountain View

Sutherland Global Services 401(k) Fiduciary Duties ERISA Class Action

The Employee Retirement Income Security Act of 1974 (ERISA) governs a number of benefits provided by larger employers to their employees. In this case, the benefit is the Sutherland Global Services, Inc, 401(k) plan. The complaint alleges that Sutherland Global Services, Clearview Group, and a number of individuals have breached their fiduciary duties to the  Read more

Desktop Items with Magnifying Glass Framing Paper Saying "401(k) Plan"