Wood v. Prudential Retirement Insurance & Annuity Company, No. 3:15-cv-01785 (D. Conn.)
Plaintiffs brought this class action on behalf of the KeHe Distributors, Inc. 401(k) Retirement Savings Non-Union Plan, the EXCO Resources, Inc., 401(k) Plan, and all similarly-situated employee pension benefit plans covered by the Federal Employee Retirement Income Security Act (ERISA). Plaintiffs allege that Prudential Retirement Insurance & Annuity Company (“PRIAC”) improperly keeps for its own benefit amounts earned on retirement plan assets invested in certain of its stable value funds above a certain percentage which Defendant has discretion to set. The Complaint was filed in the U.S. District Court for the District of Connecticut in December of 2015.