The class-action lawsuit, filed on behalf of 60,000 plan participants, alleges that the airline failed to replace a “chronically underperforming” large-cap fund holding more than $2 billion in ...
Strategic ERISA (Employee Retirement Income Security Act) plan design and administration require more than just technical compliance—they call ...
A recent ruling by a U.S. District Court both validates Oklahoma law and fires a warning shot across the bow for the managers ...
In the case of Spence vs. American Airlines Inc. et al., U.S. District Court Judge Reed O’Connor, Fort Worth Texas, ruled on ...
The 1,700-member class will receive $10 million in increased benefits, and attorneys representing the retirees will receive ...
The lawsuit filed in Texas says the carrier's failure to remove an underperforming fund option, which holds over $2 billion in assets, has cost plan members millions.
A Texas judge’s decision in a lawsuit against American Airlines could set the stage for significant changes to the ...
4dOpinion
Employees may be concerned over potential changes to their retirement benefits during a company merger or acquisition. Here’s ...
Northern Trust Co.'s $6.9 million class settlement over the in-house target date funds in its employees’ 401(k) plan received initial approval from a Chicago federal judge.
In an amicus brief, several advocacy groups warned that letting the lawsuit proceed past a motion to dismiss could open the ...
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