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Lucero, Brenda et al v. Credit Union Retirement Plan Association et al
Case Number:
3:22-cv-00208
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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June 13, 2024
Retirement Sponsor Strikes Deal To End 401(k) Fee Suit
A professional employer organization that offered a $1.5 billion 401(k) plan to credit unions reached a deal to end former plan participants' proposed class action accusing it of saddling them with lofty fees, a Thursday filing in Wisconsin federal court said.
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January 09, 2024
Credit Union Retirees Denied Cert. In $1.5B 401(k) Fee Suit
A Wisconsin federal court on Tuesday denied a motion for class certification in a federal benefits lawsuit from former participants in a $1.5 billion multiple employer 401(k) plan managed by the Credit Union Retirement Plan Association, saying three of the four named plaintiffs admit they were not harmed.
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March 10, 2023
Retirement Sponsor Must Face $1.5B 401(k) Fee Suit
A Wisconsin federal judge said a financial services company offering retirement plans to credit unions cannot escape retirees' proposed class action accusing it of mismanaging their $1.5 billion 401(k) plan, finding the complaint states enough facts to keep it afloat.
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April 13, 2022
Retirement Sponsor Sued Over Fees In $1.5B 401(k) Plan
A proposed class of retirees sued a Wisconsin-based financial services company offering retirement plans to credit unions, alleging that mismanagement of workers' $1.5 billion 401(k) plan lost them millions of dollars through excessive fees and record-keeping costs in violation of federal benefits laws.