Spectrum Health Erisa Lawsuit

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Spectrum Health to shell out $6 million to settle 403(b) lawsuit

(6 days ago) People also askWhat are spectrum lawsuits?The following Spectrum lawsuits are usually lawsuits against Spectrum filed by a government entity (which have more legal options than consumers). Others involve long-running older lawsuits, or corporate disputes involving Spectrum. At FairShake, we’re reinventing the Spectrum lawsuit process.All About Charter Spectrum Lawsuits - FairShakefairshake.comWhy are ERISA class action lawsuits so expensive?ERISA class action lawsuits can be costly to litigate and often last for several years, which, combined with the potentially high exposure from a class action lawsuit, causes many of the cases to settle before trial. The high dollar value of the settlements is nonetheless notable.A Look at the Current State of ERISA Class Action Litigation - Dechertdechert.comAre 401(k) plans causing ERISA class action litigation?Over the past five years, there has been a steady increase in ERISA class action litigation involving defined contribution plans, particularly cases alleging “excessive fees” with respect to 401 (k) plans.A Look at the Current State of ERISA Class Action Litigation - Dechertdechert.comWhat are some notable ERISA settlements this year?Notable settlements this year include a $27 million payment to resolve a proposed ERISA class action comparing a pension plan’s investment strategy to “drunken gamblers chasing losses,” xii and a $79 million payment by Wells Fargo to resolve allegations that it wrongfully denied payouts to deferred compensation plan participants. xiiiA Look at the Current State of ERISA Class Action Litigation - Dechertdechert.comFeedbackspectrumerisasettlement.comhttps://spectrumerisasettlement.comHome - Spectrum ERISA SettlementWEBIf you were a participant or beneficiary of Spectrum Health System 403(b) Plan from the period September 4, 2014 through March 13, 2023, a Settlement may affect your rights. Spectrum ERISA Settlement P.O. Box 2010 Chanhassen, MN 55317 …

https://www.pionline.com/courts/spectrum-health-shell-out-6-million-settle-403b-lawsuit#:~:text=Spectrum%20Health%20System%20has%20agreed%20to%20pay%20%246,target%20date%20funds%20and%20allowing%20high%20record-keeping%20fees.

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NOTICE OF CLASS ACTION SETTLEMENT - Spectrum ERISA …

(2 days ago) WEB“Defendants.” The Named Plaintiffs are Susan R. McNeilly and Carla Martz. The Defendants are Spectrum Health System (“Spectrum”), the Defined Contribution …

https://spectrumerisasettlement.com/wp-content/uploads/2023/04/McNeilly_Notice.pdf

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Spectrum Health to pay $6M to settle alleged ERISA violations

(7 days ago) WEBLegal & Regulatory Issues. Spectrum Health to pay $6M to settle alleged ERISA violations. Alan Condon - Tuesday, March 21st, 2023. Grand Rapids, Mich.-based Spectrum …

https://www.beckershospitalreview.com/legal-regulatory-issues/spectrum-health-to-pay-6m-to-settle-alleged-erisa-violations.html

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Spectrum Health Inks $6 Million Deal Over Retirement Plan (1)

(Just Now) WEBMichigan’s Spectrum Health System signed a $6 million settlement agreement with workers who claimed they lost money because their $1.6 billion …

https://news.bloomberglaw.com/employee-benefits/spectrum-health-inks-6-million-deal-over-retirement-plan-funds

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Class Attys Get $2M Fees In Spectrum Health $6M ERISA …

(6 days ago) WEBClass Attys Get $2M Fees In Spectrum Health $6M ERISA Deal. Law360 (August 2, 2023, 6:40 PM EDT) -- A Michigan federal judge on Tuesday signed off on a request for nearly …

https://www.law360.com/articles/1706494/class-attys-get-2m-fees-in-spectrum-health-6m-erisa-deal

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Hospital Network Strikes $6M Deal In Sweeping ERISA Suit

(5 days ago) WEBLaw360 (March 13, 2023, 8:35 PM EDT) -- A Michigan hospital network agreed to pay $6 million to settle a class action alleging it allowed its $1.6 billion employee retirement plan …

https://www.law360.com/articles/1585442/hospital-network-strikes-6m-deal-in-sweeping-erisa-suit

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A Look at the Current State of ERISA Class Action …

(5 days ago) WEBThis OnPoint is the first in a series that will examine important trends and developments in class action litigation under the Employee Retirement Income Security Act of 1974 (ERISA). Here, we look at the current …

https://www.dechert.com/knowledge/onpoint/2020/11/a-look-at-the-current-state-of-erisa-class-action-litigation.html

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Spectrum Health Hit With Class Suit Over Retirement Plan Fees

(9 days ago) WEBAn empty courtroom is seen. Spectrum Health Hit With Class Suit Over Retirement Plan Fees. Three former employees of western Michigan’s Spectrum Health System filed a …

https://news.bloomberglaw.com/employee-benefits/spectrum-health-hit-with-class-suit-over-retirement-plan-fees

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The 10 biggest ERISA class action settlements of 2021

(3 days ago) WEBERISA litigation had its most intense concentration last year in "class action filings challenging defined contribution plan (401(k) and 403(b) plan) fees and investments," the report states. With

https://www.benefitspro.com/2022/01/25/the-10-biggest-erisa-class-action-settlements-of-2021/

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Spectrum Health, Workers Strike Deal to End Retirement Fee Suit

(Just Now) WEBSixth Circuit addressed 401 (k) fees last year. Michigan’s Spectrum Health System will settle a proposed class action challenging its retirement plan fees after …

https://news.bloomberglaw.com/employee-benefits/spectrum-health-workers-strike-deal-to-end-retirement-fee-suit

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McNeilly et al v. Spectrum Health System et al - UniCourt

(5 days ago) WEBIn the complaint, the plaintiffs alleged, “This is a class action brought pursuant to §§ 409 and 502 of the Employee Retirement Income Security Act of 1974 (‘ERISA’), 29 U.S.C. …

https://unicourt.com/case/pc-db5-mcneilly-et-al-v-spectrum-health-system-et-al-667005

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U.S. SUpreme CoUrt UpholdS plan-ImpoSed tIme lImItS For …

(7 days ago) WEBERISA regulates employee benefits claims, including retirement, health, and disability benefits. Under Section 503 of ERISA, plan administrators are required to adopt an …

https://www.adp.com/tools-and-resources/adp-research-institute/insights/~/media/CB754680DD5C480599E14FB77DB24618.ashx

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McNeilly et al v. Spectrum Health System et al - Law360

(3 days ago) WEBClass Attys Get $2M Fees In Spectrum Health $6M ERISA Deal. A Michigan federal judge on Tuesday signed off on a request for nearly $2 million in fees to counsel …

https://www.law360.com/cases/5f52bfd5fe94140367bcd5f6

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Health Net Looks to Seal Info on $215M ERISA Settlement

(3 days ago) WEBHealth Net Inc., which provides and administers medical benefits to millions of people around the U.S., is asking a federal judge in Newark to seal information …

https://www.law.com/njlawjournal/almID/1202674120404/

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UNITED STATES DISTRICT COURT FOR THE WESTERN …

(1 days ago) WEBallegations as a breach of ERISA’s duty of loyalty. Id. at ¶¶ 168-174, PageID.91-92. In addition, Plaintiffs allege that Spectrum breached its fiduciary duty to monitor the …

https://www.napa-net.org/sites/napa-net.org/files/Spectrum%20Health.pdf

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UNITED STATES DISTRICT COURT FOR THE WESTERN …

(2 days ago) WEBconduct in violation of ERISA until shortly before this suit was filed. Defendants Company Defendant 22. Spectrum Health System is the Plan sponsor and a named fiduciary. …

https://spectrumerisasettlement.com/wp-content/uploads/2023/04/McNeilly_AmendedComplaint.pdf

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Potential ERISA Fiduciary Duty Issues with BCBSA $2.67 Billion

(1 days ago) WEBPotential ERISA Fiduciary Duty Issues with BCBSA $2.67 Billion Settlement. Employers that sponsor fully insured group health plans by an independent licensee of the Blue …

https://millerjohnson.com/publication/potential-erisa-fiduciary-duty-issues-with-bcbsa-2-67-billion-settlement/

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Starkman: Spectrum Health’s Black Employees Explore Class Action

(5 days ago) WEBExploring Group Lawsuit. What sparked Spectrum’s Black employees to consider a class action lawsuit was a 90-day performance review of a Black female …

https://www.deadlinedetroit.com/articles/28240/starkman_spectrum_health_s_black_employees_exploring_class_action_lawsuit_alleging_systemic_racism

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CALL 862-203-3524

(Just Now) WEBThe Employee Retirement Income Security of 1974 (ERISA) is a federal law that sets minimum standards for most voluntarily established retirement and health plans in …

https://www.vancebenefits.com/

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