6 New ERISA Pension Plan Suits to Watch

By Kellie Mejdrich (August 26, 2022, 6:40 p.m. EDT) – Proposed class action lawsuits against employers, challenging the performance of a suite of BlackRock target date funds in massive corporate 401(k) plans, stand out of a healthy harvest of Employees Retirement Income Security Act lawsuits were filed this summer.

Benefits attorneys representing employers say the pace of ERISA class action lawsuits alleging excessive fees or underperforming investment selections in defined contribution plans has not slowed following the January decision of the United States Supreme Court in Hughes v. Northwestern.

In this case, the High Court declined to adopt a broader pleading standard for ERISA challenges involving 401(k) and other defined contribution plans, leaving…

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