ERISA Violations
Nemours Foundation Retirement Plan Breach of Duty of Prudence Class Action
The Nemours Foundation offers its employees a retirement plan, the Nemours Foundation Section 403(B) plan. The complaint for this class action alleges that Nemours has breached its fiduciary duty of prudence, by causing the plan to pay excessive administrative fees and by not choosing the investment share classes that have the lowest expenses. According to Read more
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
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
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
Baystate Health Retirement Plan Recordkeeping Fees Class Action
Those responsible for retirement plans have a duty to exercise the “care, skill, prudence, and diligence” of a prudent person in their plan management. The complaint for this class action brings suit against Baystate Health, Inc. and the its Board of Directors, alleging they did not fulfill their fiduciary duty to the Baystate Health, Inc. Read more
Sprint Calculation of JSA Annuity Benefits Class Action
Sprint Communications, LLC sponsors a retirement plan for its employees that offers a single life annuity (SLA) or joint and survivor annuity (JSA). This class action brings suit against Sprint, its Employee Benefits Committee, and the committee’s individual members, alleging that the JSA benefits are not actuarially equivalent to the SLA benefits, as required by Read more
Washington University in St. Louis Retirement Plan ERISA Settlement
This settlement resolves a class action about the Washington University in St. Louis Retirement Savings Plan, brought against Washington University in St. Louis, its Board of Trustees, the Washington University in St. Louis Retirement Plan Advisory Committee and Plan Administration Committee, and the university’s Executive Vice Chancellor and Chief Administrative Officer. Read more
Adventist Health Plan Must Meet ERISA Requirements, Says Class Action
When is a company’s employee health plan governed by the Employee Retirement Income Security Act (ERISA)? Adventist Health System West (AHW), which does business as Adventist Health offers the Adventist Health Employee Medical Plan—Engaged!, which it claims is a church plan and does not fall under ERISA. The complaint brings suit against the complaint, the Read more
Linear Technology Retirement Plan Settlement
Analog Devices, Inc. is settling a class action as the successor to Linear Technology Corporation, Linear Technology, LLC, and Linear Technology Administrative Committee, about the former Linear Technology 401(k) Plan. The complaint alleged the defendants violated the Employee Retirement Income Security Act (ERISA) and their own duties as plan fiduciaries, by not managing the plan Read more
WBBQ Employee Stock Ownership Plan Prohibited Transactions ERISA Class Action
This class action concerns a company retirement plan, the WBBQ Employee Stock Ownership Plan (ESOP) that owns stock in W BBQ Holdings, Inc. The complaint alleges that the ESOP trustee, Argent Trust Company, and the company’s controlling managers and shareholders, Herbert, Gregor, and Stuart Wetanson, have violated ERISA by engaging in prohibited transactions and breaching Read more