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IBM retirees' pension plan lawsuit moves forward, after appeals court overturns dismissal

By Lynn Cavanaugh

The class action lawsuit filed by employees who alleged they were shorted on pension payments, was originally dismissed after plaintiffs missed the 3-year deadline to file a fiduciary claim, however, the Labor Department came to the workers’ defense.

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Trump’s tariffs: What it means for 401(k) retirement plans

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Trump’s pick to lead Social Security advances to full Senate for confirmation vote

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Retirement Trends Stories

April 03, 2025

American Federation of Teachers urges fiduciaries to examine Tesla investments ‘at risk’ in pensions

Given the steep plunge in Tesla shares this year, the AFT President is urging money managers to "safeguard retirement assets" and urgently review their current holdings in electric car Tesla, which is a target of political protests amid growing animosity for the brand.

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April 02, 2025

Pension risk transfer lawsuit rulings: Lockheed Martin case advances, but Alcoa suit dismissed

Both firms, and many more, have been sued by employees in class action lawsuits over the PRT deals made with insurance company Athene Annuity & Life, alleging the firm "breached their fiduciary duties," however, district courts issued split rulings on these 2 cases.

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April 02, 2025

BlackRock CEO calls for more private assets in 401(k) plans, in letter to investors

Larry Fink, CEO of the world’s largest asset management firm, said "unlocking private markets" is key, and asks investors in his annual letter, “If private assets perform so well, why aren't they in your 401(k)?”

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March 31, 2025

401(k) lifetime income solutions: Is now the time for employers to offer new in-plan ‘annuity’ options?

Amid recent Social Security uncertainties, employers and plan sponsors might need to ramp up efforts to secure their employees’ financial futures.

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March 26, 2025

Lockheed Martin sued for using ‘underperforming’ funds with high fees in its 401(k) plan

The aerospace firm violated its fiduciary duties by using an in-house service provider and affiliated target date funds, according to the class action lawsuit filed by plan participants.

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March 25, 2025

Pensions making a comeback? Unions push for defined benefit plans in strikes

Retirement plans were central to recent strike negotiations at Boeing and UAW.

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March 25, 2025

JPMorgan fights back against new 401(k) lawsuit that alleges ‘devastating’ participant losses

Following a "wrongful use" of 401(k) forfeited funds lawsuit filed in January, the banking giant is now being sued by employees over $2.4 million in plan assets that were invested in an in-house stable value fund.

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Retirement Trends

Top Retirement Trends Stories

IBM retirees' pension plan lawsuit moves forward, after appeals court overturns dismissal

Trump’s tariffs: What it means for 401(k) retirement plans

Trump’s pick to lead Social Security advances to full Senate for confirmation vote

Recommended Just For You

Retirement Trends Stories

American Federation of Teachers urges fiduciaries to examine Tesla investments ‘at risk’ in pensions

Pension risk transfer lawsuit rulings: Lockheed Martin case advances, but Alcoa suit dismissed

BlackRock CEO calls for more private assets in 401(k) plans, in letter to investors

401(k) lifetime income solutions: Is now the time for employers to offer new in-plan ‘annuity’ options?

Lockheed Martin sued for using ‘underperforming’ funds with high fees in its 401(k) plan

Pensions making a comeback? Unions push for defined benefit plans in strikes

JPMorgan fights back against new 401(k) lawsuit that alleges ‘devastating’ participant losses