Topic
401(k)
508 published works
Hall Benefits Law Blog
UnitedHealth Settles Class Action Over Poorly Performing 401(k) Funds for $69 Million
By Anne Hall
UnitedHealth has agreed to settle a three-year-long class action battle for $69 million, the largest ever settlement in an Employee Retirement Income Security Act (ERISA) case. The settlement stems from…
Beneficially Yours
Federal District Court Dismisses Another 401(k) Forfeitures Suit
Seyfarth Synopsis: Since September 2023, there have been at least 25 lawsuits filed claiming the ability to choose between using 401(k) forfeitures to reduce plan expenses or the plan sponsor’s…
Hall Benefits Law Blog
IRS Increases 2025 401(k) Contribution Limit, Holds IRA Limit
By Anne Hall
The Internal Revenue Service (IRS) recently issued Notice 2024-80, which makes adjustments to the annual contribution limits for qualified defined contribution plans and individual retirement accounts (IRAs) for the 2025…
Hall Benefits Law Blog
Federal Judge Refuses to Dismiss Intuit Lawsuit as 401(k) Forfeiture Suits Continue to Proliferate
By Anne Hall
A California federal judge recently refused to dismiss a lawsuit against Intuit in which retirement plan participants claim that the company misused forfeited funds from its 401(k) plan. The denial…
Hall Benefits Law Blog
District Court Dismisses 401(k) Forfeited Funds Suit Against HP
By Anne Hall
A California federal district court judge has dismissed a novel proposed class action suit against HP involving the company’s alleged misuse of 401(k) funds forfeited by former workers. The judge…
Roberts Disability Law Blog
In ERISA Class Action, Eleventh Circuit Affirms Decision that Home Depot 401(k) Plan Participants Did Not Carry Their Burden of Proof for Fiduciary Breach Claims
In Pizarro, et al. v. The Home Depot, Inc., et al., No. 22-13643, __F.4th__, 2024 WL 3633379 (11th Cir. Aug. 2, 2024), Plaintiffs, a class of current and former Home…
Hall Benefits Law Blog
Class Action Claims Wells Fargo Misused Forfeited 401(k) Funds in Violation of ERISA
By Anne Hall
A former Wells Fargo employee filed a proposed class action lawsuit against the company, alleging that it violated the Employee Retirement Income Security Act (ERISA) in using forfeited 401(k) funds…
Hall Benefits Law Blog
Media Co. Settles Class Action Suit Alleging Costly 401(k) Funds
By Anne Hall
A media company has settled a class action lawsuit in which its workers alleged that it failed to negotiate lower investment expenses or properly monitor investment options. Workers at Aegis…
Hall Benefits Law Blog
Qualcomm Bid for Dismissal of 401(k) Forfeiture Suit Denied
By Anne Hall
A federal district court judge denied Qualcomm Inc.’s motion to dismiss a lawsuit filed by a former employee and current company 401(k) retirement plan participant. Antonio Perez-Cruet alleges in his…
ERISA Litigation Advisor
Evonik Corporation Beats 401(k) Plan Challenge with Evidence of Rigorous Fiduciary Process
By Lindsey H. Chopin, Matthew T. Biggers, Stacey C.S. Cerrone
A New Jersey federal district court recently granted summary judgment in defendants’ favor in an ERISA excessive fee case accusing Evonik’s 401(k) plan fiduciaries of keeping imprudent investments in the…