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5 Matching News Items |
| 1. |
USA Herald
Oct. 27, 2025
"A New York federal judge has thrown out a proposed class action lawsuit against WPP Group USA Inc., ruling that two former employees failed to prove the marketing giant mishandled 401(k) plan forfeitures in violation of federal benefits law.... [The judge found] that the company's use of forfeited funds to offset employer contribution costs was consistent with the plan's governing documents and long-standing federal guidance." [Polanco v. WPP Group USA Inc., No. 24‑09548 (S.D.N.Y. Oct. 27, 2025)]
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| 2. |
USA Herald
May 6, 2025
"Genworth Financial has called on the Fourth Circuit Court of Appeals to disband a class of 4,000 retirement plan members who claim that underperforming BlackRock target-date funds (TDFs) significantly impacted their savings.... The company emphasized that some plan participants actually benefited from BlackRock TDFs, and thus, the case requires an individual assessment for each account[.]" [Trauernicht v. Genworth Fin., Inc., No. 22-0532 (E.D.Va. May 29, 2024; on appeal to 4th Cir. No. 24-220)]
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| 3. |
USA Herald
Oct. 16, 2023
"While the Third Circuit affirmed the district court's denial of the motion to dismiss, the two courts took slightly different routes in their reasoning. The district court had based its denial on Henry's alleged lack of consent to arbitration, whereas the Third Circuit focused on the issue of blocked ERISA statutory remedies." [Henry v. Wilmington Trust NA, No. 21-2801 (3d Cir. Jun. 30, 2023; cert. pet. denied Oct. 16, 2023)]
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| 4. |
USA Herald
Oct. 16, 2023
"American Airlines is ... pushing to dismiss a pilot's proposed class action that accuses the airline of loading its $26 billion retirement plan with investment options overly concerned with ESG factors. The airline contends that the pilot ... lacks the grounds to pursue this suit, emphasizing that [he] never invested in the contested funds." [Spence v. American Airlines, No. 23-0552 (N.D. Tex. defendant's repy brief filed Oct. 13, 2023)]
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| 5. |
USA TODAY
May 7, 2013
"Within the next 12 months, consumers could get a quick check-up at the pharmacy, text glucose levels to a doctor through a smart-phone app or earn bonuses for treadmill time from their employer -- all as the nation grapples with growing health care costs. Spurred in part by ... the [ACA], as well as by the chronic disease costs associated with obesity, insurers, providers and businesses have re-imagined everything from where a person with a sprained finger should go for care to what employers can do to increase the overall health -- and productivity -- of their employees."
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