After more than 12 years of litigation, a trial marked by tragedy, a sizeable bench judgment and two trips to the federal appeals court, a $55 million settlement is bringing an end to a path-breaking class-action lawsuit involving a St. Louis company’s 401(k) plan.

Tagged with: 401(k) ABB Bryan Cave Leighton Paisner Schlichter Bogard & Denton U.S. District Court for the Western District of Missouri

A federal judge gave final approval Thursday to a $16.5 million settlement of a class action lawsuit filed against Caterpillar Inc. over fees in its 401(k) plans. The class consists of about 80,000 people, current and former plan participants dating ...

Tagged with: 401(k) Jerome Schlichter settlement

A federal judge gave preliminary approval last week to a $925,000 settlement in a class action lawsuit against Kansas City firm NovaStar Financial. The lawsuit claimed violations of the Employee Retirement Income Security Act and encompasses a class of people ...

Tagged with: 401(k) NovaStar Financial settlement

General Motors Co. said it restored contributions to a retirement savings plan for U.S. salaried employees while shifting them to health-care coverage that will hold down the automaker’s costs. The company match of as much as 4 percent for 401(k) ...

Tagged with: 401(k) General Motors GM retirement

Many employers use their 401(k) plans to attract and retain qualified employees, however the plans are failing to engage the interest of employees just entering the labor market – the Millennials, or workers born after 1979. In order for 401(k) ...

Tagged with: 401(k)

Many small firm lawyers are intimidated by the prospect of planning for retirement. Because establishing a retirement plan for your law firm can be a daunting task, here are some tips and traps from a few experts. Not so fast ...

Tagged with: 401(k) goals retirement

“Eastman Kodak Suspends 401(k) Match” was a headline in December, when the company announced its latest plan to cut its losses and restore profitability. It seems that every month a corporation announces that it plans to cut losses by suspending ...

Tagged with: 401(k) General Motors