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Bessemer Trust to pay $5 million to settle 401(k) lawsuit

Bessemer Trust agreed to pay $5 million to settle a lawsuit by former participants in a company 401(k) plan, claiming plan executives violated ERISA.

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Finding a New Home, and New Hope, After Leaving Ukraine

When refugees from Russia’s invasion needed a fresh start, nonprofit agencies stepped in to assist.

Bessemer Trust Company is latest proprietary fund/ 401(k) plan sponsors defendant | Ary Rosenbaum - The Rosenbaum Law Firm P.C.

When you’re a plan sponsor and you run your own proprietary mutual fund business and have your 401(k) plan invest in said funds, expect to be sued.

Bessemer Trust sued for favoring proprietary funds in 401(k) plan

A former 401(k) plan participant sued Bessemer Trust Co. for alleged ERISA violations in favoring its own mutual funds in the plan lineup.