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Employee Benefits

Milliman motion to dismiss re-submitted 401(k) lawsuit is denied

January 03, 2023 Reprints

A federal judge in Washington state in December denied a motion from Milliman Inc. to dismiss breach of fiduciary duty claims brought by a participant in the company’s 401(k) retirement plan, reports Plansponsor. The court order allows the plaintiff’s Employee Retirement Income Security Act claims to proceed, including allegations of Milliman’s mismanagement of investments in its employer-provided 401(k) plan.

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Milliman motion to dismiss re-submitted 401(k) lawsuit is denied

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