Xerox Changes in Health Benefits for Retirees Class Action

Benefits for retired persons are crucially important; elderly people can no longer simply get another job or earn more money to pay for price increases. The complaint for this class action alleges that Xerox Corporation and its Plan Administrator Committee reneged on promises about its medical and dental plans for retired employees. Xerox at one  Read more

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Northern Trust Retirement Plan Poorly-Performing Options Class Action

Company retirement plans are governed by the Employee Retirement Income Security Act of 1974 (ERISA). This includes the Northern Trust Company Thrift-Incentive Plan. This class action brings suit against the Northern Trust Company, its Employee Benefit Administrative Committee, and the Committee’s members, alleging that they have breached their fiduciary duties under the plan.  Read more

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Nvidia 401(k) Plan Breach of Fiduciary Duties Class Action

Companies appoint various parties to manage and be responsible for the 401(k) plans for their employees. These people act as fiduciaries and are required under the Employee Retirement Income and Security Act of 1974 (ERISA) to carry out the fiduciary duties of loyalty and prudence. In this class action, the complaint claims that fiduciaries of  Read more

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JPMorgan 401(k) Plan ERISA Fee Settlement

A settlement fund of $9 million is resolving a class action against JPMorgan Chase Bank, NA, JPMorgan Chase & Company, and others involved with the company’s 401(k) Savings Plan. According to the complaint, the defendants breached their fiduciary duties and engaged in transactions prohibited by the Employee Retirement Income Security Act of 1974 (ERISA) in  Read more

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Northwell Health 403(b) Plan Breach of Fiduciary Duty Class Action

The complaint for this class action brings suit against Northwell Health, Inc. and the Northwell Health, Inc. 403(b) Plan Committee for breach of fiduciary duties. A 403(b) retirement plan is similar to a 401(k), except that it is for employees of tax-exempt and nonprofit organizations, like certain schools and hospitals. Like 401(k) plans, it is  Read more

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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

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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

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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

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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

Document Titled "401(k) Statement"

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

Paper with Heading "401(k) Statement"