Retirement Plans

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

FirstGroup America, Aon Hewitt Retirement Plan Duties ERISA Class Action

The investments in the FirstGroup America, Inc. Retirement Savings Plan were doing fine in 2013, according to the information in the complaint for this class action. However, the complaint alleges that in September of that year, the investment options in the plan were replaced with newer, untried options which the complaint says has benefitted only  Read more

Providence Health & Services Retirement Fund Breach of Fiduciary Duty ERISA Class Action

According to the complaint for this class action, Providence Health & Services has breached its fiduciary duties in connection with the Providence Health & Services 403(b) Value Plan, in violation of the Employee Retirement Income Security Act (ERISA). The complaint claims that the company has allowed the plan’s recordkeeper, Fidelity, to earn fees through a  Read more

Hamilton Township Board of Education Retirees Prescription Drug Benefit Settlement

The Hamilton Board of Education is making available $17 million to settle a lawsuit alleging that it breached its obligations to retirees, and in some cases to their dependents. The complaint alleges that collective bargaining agreements specified that retirees would be given a yearly cash payment in lieu of prescription drug coverage, but that the  Read more

NCR ERISA Denial of Retirement Benefits Class Action

The complaint alleges NCR made changes in the plan over time concerning the definition of credited service and the requirements for vesting in the plan. The complaint also alleges that NCR attempted to find other ways to remove its obligations to employees and retirees.  Read more

Deutsche Bank Fiduciary Breach ERISA Class Action

This class action lawsuit alleges that Deutsche Bank Americas Holding Corp. and other fiduciaries of the Deutsche Bank Matched Savings Plan breached duties imposed by the Employee Retirement Income Security Act (ERISA) by engaging in prohibited transactions and unlawful self-dealing with regard to selecting investments, to the the detriment of the Plan, its participants and  Read more

Reliance Trust/Insperity ERISA Class Action Lawsuit

This class action lawsuit alleges that Reliance Trust Company, Insperity and related entities breached fiduciary duties owed to participants and beneficiaries of an ERISA-covered 401(k) plan by allowing payment of unreasonable administrative and recordkeeping fees, payment of unreasonable investment management fees, using low-yielding money market funds without considering other options, failing to monitor fiduciaries and  Read more

MetLife ERISA Retirement Plan Fiduciary Breach Class Action

This class action lawsuit alleges that Metropolitan Life Insurance Company ("MetLife") breached its fiduciary duties to ERISA-covered retirement plan clients by failing to disclose key information including the manner in which it sets the internal "crediting rate" used to distribute capital investment income to their accounts.  Read more

Total Petrochemicals Alleged to Breach ERISA Fiduciary Duty

A class action brought against Total Petrochemicals, Inc. alleges that the company breached its fiduciary duties as administrator of its employee 401(k) fund, because the company is requiring employee participants to sell company stock in the fund back to the company at a loss. The lawsuit is brought under the rules of the Employee Retirement  Read more