fbpx

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

Old Dominion Freight Line Truck on Road

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

Baystate Medical Center

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

Sprint Name and Logo

Allegiant 401(k) Plan Breach of Fiduciary Duty Class Action

The Employee Retirement Income Security Act (ERISA) imposes fiduciary duties on companies and others responsible for employee retirement plans. This class action brings suit against Allegiant Travel Company, claiming it breached its fiduciary duties of loyalty and prudence to the Allegiant 401(k) Retirement Plan.  Read more

General Mills 401(k) Plan Breach of Fiduciary Duty Class Action

The complaint for this class action alleges that the those responsible for the General Mills 401(k) Plan—its fiduciaries—did not fulfill the duties they owed the plan in that role. Claiming they spent too much on recordkeeping and administrative (RKA) fees and engaged in self-dealing, it brings suit against General Mills, Inc., its board of directors,  Read more

General Mills Products

Empower Managed Accounts Breach of Fiduciary Duties Class Action

Participants in retirement plans rely on plan fiduciaries to act in their interests, with loyalty and prudence. The complaint for this class action alleges Empower Retirement, LLC, Advised Assets Group, LLC (AAG), and other associated companies breach those duties to those who invest in Empower Managed Accounts, charging higher fees and concealing that the investment  Read more

Sign in Front of Empower Building

North Highland ESOP Retirement Plan Breach of Fiduciary Duty Class Action

Retirement plans, like the North Highland Company Employee Stock Ownership and 401(k) Plan, rely on fiduciaries to take action to benefit them. But this class action alleges this plan’s fiduciaries undermined the plan in a number of ways, including using prohibited transactions, exceeding caps on executive pay, taking back corporate control, and improperly seizing the  Read more

Hand Holding Slip of Paper Saying, "401K"

Quanta Services Retirement Plan Breach of Fiduciary Duties ERISA Class Action

People who invest in their employer’s retirement plan must rely on the plan’s fiduciaries to make prudent and loyal choices of investments. This class action concerns the Quanta Services, Inc. 401(k) Savings Plan, bringing suit against Quanta Services, Inc., its Board of Trustees, and the savings plan’s administrative committee, alleging these defendants breached their fiduciary  Read more

Quanta Services Name and Logo

Wells Fargo 401(k) Plan “Self-Dealing” Stock Purchase Class Action

This class action concerns a purchase of stock for the employee stock ownership plan (ESOP) portion of the Wells Fargo & Company 401(k) Plan. The complaint alleges that the terms of the deal amount to self-dealing by the company and a breach of fiduciary duty, both in the price of the shares and the terms  Read more

Wells Fargo Name/Logo

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

Hand Putting Coin in Piggybank Labeled "401(k)"