Retirement Plans

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

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

Prudential Insurance Retirement Plan Mismanagement Class Action

Many employee retirement plans as governed by the Employee Retirement Income Savings Act of 1974 (ERISA). This class action, about the Prudential Employee Savings Plan, alleges that Prudential Insurance Company of America, the plan’s Administrative Committee, and its Investment Oversight Committee chose investment products for the plan that offered advantages to Prudential and its subsidiaries  Read more

Anthem 401(k) Plan Settlement

This settlement resolves a class action against ATH Holding Company, LLC, its Board of Directors, and its Pension Committee. The complaint alleged that these parties violated the Employee Retirement Income Security Act (ERISA) in their management, operation, and administration of the Anthem 401(k) Plan.  Read more

California Retirement Plans Breach of Fiduciary Duty Investigation

Do you live in California and work for a company with more than 500 employees? Do you participate in its 401(k) or other retirement plan? Retirement plans for such large companies are governed by the Employee Retirement Income Security Act (ERISA), and they must meet certain requirements. However, not all of them do—and that may  Read more

West Corporation Retirement Plan High Fees ERISA Class Action

Entities that handle retirement plans have a fiduciary duty to the plan and its participants. However, the complaint for this class action alleges that West Corporation and the Retirement Committee of the West Corporation Employee 401(k) Retirement plan did not fulfill the duties of a fiduciary because they permitted fees for the plan to be  Read more

Anheuser-Busch Pension Plan Benefit Figures Class Action

Pension plans have certain requirements as to payouts under federal laws. The complaint for this class action claims that Anheuser-Busch Companies, LLC (AB) did not meet these requirements, because it used an old actuarial table that does not accord with current life expectancy figures.  Read more

NPWU Refusal to Roll Over Employee Retirement Plans Class Action

One of the benefits unions can provide to workers is a retirement plan. However, the complaint for this class action alleges that when workers changed their union representation, the old union refused to roll accounts over to the new one.   Read more

Fidelity Retirement Plan Mutual Fund Kickbacks Class Action

Participants in 401(k) plans must often pay fees to the mutual funds they invest in. The complaint for this class action alleges that various Fidelity companies required kickbacks from the mutual funds in its retirement plans, which then increased fees or decreased profits for the funds. The complaint claims that these secret payments violate the  Read more

Desert States Employers & UFCW Pension Plan Reduction of Benefits ERISA Class Action

Plaintiff Robert Koch makes two claims under the Employee Retirement Income Security Act (ERISA). According to the complaint in the class action he filed, (1) he should have been paid a retroactive benefit or an actuarial increase for retiring years later than the plan’s normal retirement age, and (2) he should not have had his  Read more