Inc. agreed to a $6.5 million settlement in an employee class action claiming the asset-management firm’s 401(k) plan improperly favored its pricey and poor performing in-house funds.

Schlumberger Technology Corp. mismanages its 401(k) plan by using forfeited contributions to make its own payments to the ...

Participants in the 401(k) plan at Merrill Lynch & Co. Inc. have reached a $75 million preliminary settlement with the brokerage firm to cover losses sustained in their retirement plans over the last ...

After a long-fought legal battle, UnitedHealth Group has agreed to pay $69 million to settle a class-action lawsuit alleging breaches of fiduciary duties under the Employee Retirement Income Security ...

The Second Circuit recently made two rulings of interest to ERISA litigators and to fiduciaries of 401(k) or other defined contribution plans. In the first ruling, the court held that individual plan ...

The last month has been a busy one in the 401(k) forfeiture class action litigation space, as the U.S. Department of Labor (DOL) weighed in for the first time on plaintiffs' forfeiture claims in its ...

The upper class is a status that so many aspire to achieve, but there isn't just one metric that proves you've made it there. There are numerous markers that signal this financial status, and they ...

Roth is a type of after-tax account. Savers pay money up front on their contributions, but don't pay tax later on withdrawals in retirement. Almost all employers that offer a 401(k) plan allow workers ...

The economy seems to be bouncing back – but is it at the cost of retirement futures? Banks report 401(K) savings are down, while hardship withdrawals from those accounts rose about 27% last quarter ...