ERISA Litigation Continues in the New Year
In court filings last week, fiduciaries of retirement plans at PPL Corp. and Mass Brigham General were accused of failing to ensure fees were reasonable.
Source: plansponsor.com
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Milliman, Mass General Brigham, PPL sued over retirement plans
Litigators this week brought class-action lawsuit claims against PPL Corporation, Mass General Brigham and Milliman, Inc., respectively.
Source: investmentnews.com
Milliman Accused of Failing to Prune Bad Investments From 401(k)
A lawsuit alleges that the poor performance of a suite of target-risk funds resulted in a nearly $250 million loss to participant accounts.
Source: plansponsor.com
Milliman 401(k) plan participant alleges ERISA violations
A Milliman 401(k) plan participant sued the company and plan fiduciaries alleging ERISA violations for offering poor-performing funds.
Source: pionline.com
Consulting Co. Workers Say Iffy 401(k) Funds Cost Them $85M
Workers hit consulting company Milliman Inc. with a proposed class action in Seattle federal court Thursday, saying the company ran afoul of the Employee Retirement Income Security Act by offering risky investment options that caused its retirement plan to lose $85 million.
Source: law360.com