{"id":41791,"date":"2026-03-30T19:05:07","date_gmt":"2026-03-30T19:05:07","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/41791\/"},"modified":"2026-03-30T19:05:07","modified_gmt":"2026-03-30T19:05:07","slug":"swiss-re-fails-to-shut-down-plan-fees-forfeiture-handling-suit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/41791\/","title":{"rendered":"Swiss Re Fails to Shut Down Plan Fees, Forfeiture Handling Suit"},"content":{"rendered":"<p>Swiss Re America Holding Corp. couldn\u2019t escape a lawsuit Monday alleging its handling of a $1.45 billion retirement plan violated the Employee Retirement Income Security Act.<\/p>\n<p>Four former Swiss Re employees sufficiently alleged that their ex-employer\u2019s investment process and plan selection was imprudent and that it misused their forfeiture funds, Judge Andrew L. Carter Jr. said. The US District Court for the Southern District of New York <a href=\"https:\/\/www.bloomberglaw.com\/public\/document\/RudasilletalvSwissReAmericanHoldingCorporationetalDocketNo125cv01\/2?doc_id=X2JB87QO0BQ953RD67K74B1RUGD\" rel=\"nofollow noopener\" target=\"_blank\">denied<\/a> Swiss Re\u2019s motion to dismiss without prejudice. <\/p>\n<p>\u201cPlaintiffs have sufficiently alleged facts that demonstrate defendants have breached their fiduciary duties by making imprudent investment decisions,\u201d Carter said. <\/p>\n<p>The ex-workers <a data-terminal-id=\"SRXZE9DWRGG0\" href=\"https:\/\/news.bloomberglaw.com\/employee-benefits\/swiss-re-sued-over-retirement-plan-fees-forfeiture-handling\" rel=\"nofollow noopener\" target=\"_blank\">allege<\/a> in a &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Swiss Re America Holding Corp. couldn\u2019t escape a lawsuit Monday alleging its handling of a $1.45 billion retirement&hellip;\n","protected":false},"author":2,"featured_media":41792,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[24243,22278,11088,24240,24239,24244,24242,24245,24241,41,17,24246],"class_list":{"0":"post-41791","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-switzerland","8":"tag-401k-plans","9":"tag-class-actions","10":"tag-discovery","11":"tag-dismissal-for-failure-to-state-claim","12":"tag-forfeiture","13":"tag-insider-trading","14":"tag-jurisdiction","15":"tag-non-u-s-pension-plans","16":"tag-plan-fees","17":"tag-swiss","18":"tag-switzerland","19":"tag-target-date-funds"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116319691006689637","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/41791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=41791"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/41791\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/41792"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=41791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=41791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=41791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}