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Trustee GreatBanc Trust, Company Executives Sued for Disputed ESOP Sale, Valuation

Former employees are suing GreatBanc Trust Co. and executives from Buckeye Corrugated Inc., a national packaging and display products manufacturer, over the latter’s 2018 sale. ....

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Old Dominion Freight Line faces employee 401(k) lawsuit

Old Dominion Freight Line Inc. has become the latest Triad corporation or nonprofit to face an employee lawsuit involving the administration and pricing of retirement plan offerings. ....

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ERISA Self-Dealing Lawsuit Targets Wells Fargo and Ex-CEO Sloan

Former employees allege that retirement plan fiduciaries engaged in prohibited transactions and breached their fiduciary duty to participants. ....

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Wells Fargo faces class-action lawsuit over 401(k) stock purchases

A lawsuit alleged that a settlement between Wells Fargo & Co. and the Labor Department over 401(k) stock purchases didn't go far enough. ....

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Wells Fargo agrees to $145 million settlement in retirement plan dispute

Wells Fargo & Co. has agreed to a settlement with the U.S. Labor Department in which it will pay a nearly $13.2 million penalty and return more than $131.8 million ....

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