Court Substantially Denies UnitedHealthcare’s Motion for Summary Judgment in ERISA Class Action: Case Moves to Trial
MINNEAPOLIS, March 13, 2024 (GlobeNewswire) -- Judge John Tunheim of the U.S. District Court for...
401(k) Mismanagement
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Court Grants Final Approval in General Electric ERISA Case
BOSTON, March 11, 2024 (GlobeNewswire) -- Judge Indira Talwani of the United States District Court...
The Employee Retirement Security Act (ERISA) is 50. Will It Live to See 100?
As the Employee Retirement Income Security Act of 1974 turns 50, the federal statute known as...
Investigation Underway: Capital Group 401(k) Plan Mismanagement
Sanford Heisler Sharp is conducting an investigation to determine if Capital Group has mismanaged...
Navigating The Mutual Fund Maze, Part 4: Evaluating Investment Performance
Another important data point for mutual funds is their investment performance, both absolute and...
Working For Your 401(k) Rights
Federal Claims Against Milliman, Inc. Employers offer a number of employee benefits to attract and retain their workforce. One of those very important employee benefits is a retirement savings plan known the 401(k) plan. The Employee Retirement Income Security Act (“ERISA”) is a federal law that governs how employers are to manage their 401(k) plan. It imposes strict fiduciary duties…
Goldman Sachs and Morgan Stanley Accused of Stock Dump, Trading on Insider Information
The New York Law Journal is reporting that investors in the Chinese company Tencent Music Entertainment Group have sued Goldman Sachs Group Inc. and Morgan Stanley, accusing the investment banks of using insider information to dump shares of the firm in March. The lawsuit, filed last week in Manhattan federal court, named both Goldman and Morgan Stanley over a massive stock sell-off…
The Case of the Clicks: The Rise of Digital Ad Fraud
The advertising industry has undergone rapid changes in the past few decades. The growth of the internet has meant that businesses have pivoted to digital advertising options. This has come with its own set of challenges. While the two main stakeholders remain the same – companies that sell ad space, and companies that want to buy ad space – how…
The Various Places Where Excessive Fees May Be Hidden in Your 401(k) Plan
So-called defined contribution plans—such as 401(k) plans—have become “the primary private savings vehicle for most Americans’ retirement.”[1] The assets held by 401(k) plans have more than doubled over the past decade, and as of 2019, these plans held a whopping $6.4 trillion in retirement savings.[2] With trillions at issue and the retirement security of millions of American workers at stake, it is…
Should Your 401(k) Plan Invest in Private Equity?
The U.S. Department of Labor (“DOL”) recently issued a guidance document explaining that 401(k) plans are permitted to invest in private equity funds, albeit only indirectly.[1] The DOL touts its new guidance as a policy that “level[s] the playing field for ordinary investors” and helps “ensure that ordinary people investing for retirement have the opportunities they need for a secure retirement.”[2] However,…