News & Analysis as of August 15, 2025

Benefit Plan Sponsors

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Whole Foods settles class action case

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 5/9/2025

Whole Foods Market has agreed to settle a class-action lawsuit that alleged the company failed to prudently manage the administrative fees of its $1.9 billion 401(k) plan, resulting in millions in losses for employees....more

The Supreme Court Relieves ERISA Plaintiffs of a Pleading Requirement: What’s Next for ERISA Plan Fiduciaries?

Littler on 4/25/2025

On April 17, 2025, the U.S. Supreme Court issued a decision that dealt a blow to benefit plan fiduciaries nationwide. The Court unanimously held in Cunningham v. Cornell University that a plaintiff asserting that a plan and...more

Edward Jones Forks over $3 million in 401(k) lawsuit

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 1/8/2019

Edward Jones is going to pay $3.2 million to settle a lawsuit alleging they were using investments in the 401(k) plan to enrich themselves....more

The Problem With Providers Using Their Own Funds In Their 401(k) Plan

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 7/25/2016

I always say that I come up with many ideas, but most of them are bad. Seriously, there are so many bad ideas out there in the 401(k) space and one of the really bad ideas out there are bundled plan providers using their own,...more

Plan Sponsor Agrees to $62 Million Settlement in ERISA Case Challenging 401(k) Plan Fees

Goodwin on 3/25/2015

Lockheed Martin Corp. has settled the 401(k) excessive fee litigation pending against it in federal court in Illinois....more

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