Excessive Fees

NCL Corporation 401(k) Plan Breach of Fiduciary Duties Class Action

NCL Corporation, Ltd offers a retirement plan for its employees, the NCLC 401(k) Plan. This class action sues NCL and the plan’s administrator, NCL (Bahamas), Ltd., alleging they have breached their fiduciary duties of loyalty and prudence to the plan, by choosing poorly-performing investments, high-cost share classes, and recordkeeping services that charge excessive fees.  Read more

Southern Company Pension Plan Outdated Actuarial Calculations Class Action

This class action concerns a lowering of benefits in the Southern Company Pension Plan for married couples to pay for a qualified preretirement survivor annuity (QPSA) provision. The parties sued are the pension plan, Southern Company Services, Inc., and the Benefits Administration Committee, which the complaint alleges violate the Employee Retirement Income Security Act (ERISA)  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

Labcorp Retirement Plan Recordkeeping Fees ERISA Class Action

The Employee Retirement Income Security Act (ERISA) imposes the duties of loyalty and prudence on fiduciaries who look after retirement plans. In this case, the complaint alleges that Laboratory Corporation of America Holdings (Labcorp) has breached these duties to the Laboratory Corporation of America Holdings Employees’ Retirement Plan by “caus[ing] the Plan to pay unreasonable  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

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

Central Payment Co. (CPAY) Inflated Fee Settlement

Central Payment Co., LLC, also known as CPAY, is settling a class action alleging, among other things, that it misrepresented the fees it charged merchants for card processing services. The complaint alleged it improperly added or inflated fees.  Read more

Costco Retirement Plan Fee Settlement

Costco Wholesale Corporation, the Costco Wholesale Corporation Board of Directors, and the Costco Benefits Committee are settling a class action brought under the Employee Retirement Income Security Act of 1974 (ERISA) about the management, operation, and administration of the Costco 401(k) Retirement Plan. The complaint alleged that Costco allowed the plan to incur higher administrative  Read more

CIOX Health Excessive Medical Records Fees in Maryland Class Action

CIOX Health, LLC maintains records for healthcare providers around the US. The complaint alleges that it fulfills over 50 million requests for medical information each year. But it also alleges that CIOX charges fees for these records which are well above what Maryland’s Confidentiality of Medical Records Act (CMRA) permits.  Read more

Ricoh Retirement Plan Unreasonable Recordkeeping Fees Class Action

Employer retirement plans are governed by the Employee Retirement Income Security Act (ERISA), which requires that fiduciaries for the plan fulfill duties of prudence and loyalty to the plan. This class action brings suit against Ricoh USA, Inc., its Board of Directors, its Ricoh Retirement Plans Committee, and the members of the latter two groups,  Read more