Robert Steyer Reporter (defined contribution) [email protected] 212-210-0180 See All Staff Page Recent Stories New Jersey commits $1.2 billion to private equity, private credit, real estate 401(k) lawsuit against Microsoft over BlackRock target-date series dismissed again A federal judge dismissed for a second time a lawsuit by former Microsoft Corp. employees who questioned offering a BlackRock target-date series. McLane Company hit with ERISA suit over record-keeping fees, investment selection Two employees of McLane Company Inc. filed a lawsuit in a Waco, Texas, federal court alleging ERISA violations. Lawsuit against B. Braun Medical Inc. 401(k) plan fiduciaries may proceed A federal judge ruled a lawsuit by former employees against fiduciaries of a B. Braun Medical Inc. 401(k) plan may go to trial. 401(k) lawsuit against TriHealth dropped Participants suing TriHealth Inc. for ERISA violations in the company's 401(k) plan dropped their lawsuit, a U.S. District Court notice said. 401(k) lawsuit against Ricoh USA dismissed for second time A federal judge has again dismissed an ERISA lawsuit against Ricoh USA Inc. and its 401(k) plan fiduciaries by former plan participants over fees. Judge sets trial date for 401(k) suit against Verizon A federal District Court judge ruled for a plaintiff in a seven-year old ERISA lawsuit against Verizon, setting a May 23 trial date. ERISA Industry Committee chooses next CEO James Gelfand was appointed CEO of the ERISA Industry Committee, replacing Annette Guarisco Fildes. Eversource Energy to pay $15 million over 401(k) lawsuit Eversource Energy Service Co. will pay $15 million to settle a lawsuit filed by four current and former participants in a company 401(k) plan. Mutual of America Life Insurance settles 401(k) lawsuit for $2.75 million Mutual of America Life Insurance Co. will pay $2.75 million to settle a lawsuit alleging ERISA violations in a 401(k) plan. HSA investment assets drop for first time in face of 'stock market headwinds' Investment assets in health savings accounts dropped slightly in 2022 for the first time due to "significant stock market headwinds," an annual survey found. Norwegian Cruise Line parent company settles 401(k) lawsuit NCL Corp. Ltd., the parent of Norwegian Cruise Line, agreed to settle an ERISA complaint with a 401(k) plan participant. S&P upgrades rating on New Jersey's general obligation bonds S&P raised its rating on New Jersey's general obligation bonds to A from A-, making it the third firm this month to issue a one-notch increase. New Jersey Division of Investment appoints head of private credit Brad Johnson was hired as head of private credit for the New Jersey Division of Investment. DC plan participants doing less extreme equity investing – Vanguard Defined contribution participants have moved away from extreme equity investing due to target-date funds and automatic enrollment, Vanguard found. Load More
