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MassMutual Faces Four ERISA Breach Counts in Retirement Lawsuit
PLANSPONSOR; free registration may be required Link to more items from this source
Nov. 16, 2022

"The plaintiff alleges plan fiduciaries breached their duties under ERISA by using the MassMutual Group Annuity Contract to offer investment options to participants. The plaintiff's excessive fee claims are centered on the Group Annuity Contract, an annuity that guarantees a fixed rate of return for participants." [Lalonde v. Massachusetts Mutual Life Ins. Co., No. 22-30147 (D. Mass. complaint filed Nov. 9, 2022)]

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