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 plan, current and former employees alleged in a proposed class action lawsuit.

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 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 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 ...

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 ...

A new rule is going into effect next year that will affect high earners who make “catch-up contributions” in their 401(k)s or other tax-deferred workplace retirement plans. The rule, which was created ...

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 ...