Sentences with phrase «claim by plan participants»

Not exact matches

Christopher M. Sulyma filed a lawsuit on behalf of two proposed classes of participants in the Intel 401 (k) Savings Plan and the Intel Retirement Contribution Plan, claiming that the defendants breached their fiduciary duties by investing a significant portion of the plans» assets in risky and high - cost hedge fund and private equity investments through custom - built target - date funds.

Plaintiff Christopher M. Sulyma, on behalf of two proposed classes of participants in the Intel 401 (k) Savings Plan and the Intel Retirement Contribution Plan, claims that the defendants breached their fiduciary duties by investing a significant portion of the plans» assets in risky and high - cost hedge fund and private equity investments.

Participants argued that they are already supporting employees with private, defined contribution plans that are more efficient — a fact they claim is being ignored by the government.

SB 507 by Sen. Kelly Hancock / Rep. John Frullo adds participants of TRS - Care, TRS - ActiveCare and the state employee plan to laws that provide dispute resolution services for out - of - network health benefit claims.

The lawsuit claims that since the University of Rochester's 403 (b) plan has more than $ 4.2 billion in assets, it has tremendous bargaining power to demand low - cost, high - quality administrative services; however, it instead has failed to adequately take proper measures to understand the real cost to plan participants for TIAA's services, to properly inform participants of the fees they were paying to TIAA as required by law, and to act prudently with such information.

Using the Hueler Index as a benchmark, the plaintiffs claim that by providing participants the Vanguard Prime Money Market Fund instead of a stable value fund, the plan sponsor caused the plan, participants and retirees to lose more than $ 41 million in retirement savings from February 2010 through June 30, 2017.

He regularly represents employers / plan sponsors, plan administrators and insurers in ERISA and fiduciary litigation involving health and welfare benefits, retirement benefits and compensation plans defending claims brought by individual participants or beneficiaries.

Ms. Tomasco's extensive experience in this area has led to positive results for her clients, such as her successful defense of a financial institution against a claim by its pension plan participants for additional retirement benefits.

By acceptance of coverage and / or submission of any claim for benefits, the Plan Participant ratifies the authority of the signer to so act and bind the Plan Participant.