Koch Retirement Solutions Center Phone Number

Date:

This Settlement Is Closed

Small cap space has been overlooked this year: Goldman’s Katie Koch

Please see what other class action settlements you might qualifyto claim cash from in ourOpen Settlementsdirectory!

Participants or beneficiaries of the Georgia-Pacific LLC Hourly 401 Plan, the Koch Industries Inc. Employees Savings Plan, or the Georgia-Pacific LLC 401 Retirement SavingsPlan may be eligible to receive a payment thanks to a recent $4 million Koch retirement plan class action lawsuit settlement.

Settlement Class Members include all participants or beneficiaries of the Georgia-Pacific LLC Hourly 401 Plan, the Koch Industries Inc. Employees Savings Plan, or the Georgia-Pacific LLC 401 Retirement Savings Plan between July 16, 2014, and Dec. 31, 2020.

In a class action lawsuit, plaintiffs allege the defendants overcharged them by deducting excess fees from their accounts under the guise of recordkeeping costs. Further, the plaintiffs say, the defendants failed to monitor and control recordkeeping expenses, which led to the plaintiffs being overcharged compared to what similarly sized plans would have paid for recordkeeping. As a result, the overage charges were unreasonable.

The company denies any wrongdoing, and it does not accept liability for the plaintiffs claims, arguing it has always taken its fiduciary duties seriously and has monitored, reviewed, and evaluated the recordkeeping expenses paid by the plaintiffs.

After considering the ongoing costs, time, and risks spent on defending themselves in court, the company has agreed to the settlement.

Koch Industries Agrees To $4 Million Settlement In Erisa Suit

Koch Industries agreed to pay $4 million to settle a lawsuit accusing the company of allowing the record keeper of its 401 and other defined contribution plans to charge excessive fees in violation of ERISA.

The preliminary settlement agreement, which was filed Monday in federal court in Atlanta, now awaits court approval.

The class action, filed July 16, 2020, by David Kinder and Tracy Scott, said that Koch Industries breached its fiduciary responsibilities as administrator of the $8.1 billion Koch Companies Defined Contribution Master Trust, by failing “to prudently and loyally monitor and control” the expenses incurred by the plans’ record keeper, Alight Solutions. Alight was not named in the suit, Kinder et al. vs. Koch Industries Inc. et al.

The complaint further said that Alight charged “up to six times more than what similarly sized plans would have paid for such services,” and that these actions cost the plans and their participants “millions of dollars in excessive fees.”

David Dziok, a spokesman for Koch Industries, and Kai H. Richter, a partner at the law firm Nichols Kaster PLLP and attorney for the plaintiffs, could not be immediately reached for comment.

Related Articles

Why You Are Getting So Many Unwanted Calls

Most legitimate companies will not call you if your phone number is on the Do Not Call Registry. However, scammers do not adhereto this rule and will relentlessly call as many phone numbers as possible. Current technology also makes it easy for them to spoofor fake the caller ID.

The best practice is to simply Not Answer calls from numbers you do not recognize and let it go to voicemail. Although that may notbe practical for some, legitimate callers will usually leave a message and you can return those specific calls. You canread more here from the FTC.

You May Like: Best Places To Retire In Southern California

Wellbeing For Well Beings

Our goal is for each employee, and their families, to live happy and healthy lives. No matter what Koch company you work for, or where you live around the globe, our holistic approach to wellbeing provides essential resources and support to build and maintain physical, financial and emotional strength. So you can focus on what matters most.

Manage Your Benefits Resources

Current Employees Login / Sign in:

  • Visit this link or go to www.mylifechoices.com in your preferred internet browser on your device.
  • Type in your User ID in the space provided.
  • Type in your current Password in the space provided.
  • Select either the grey Log on button to proceed.
  • You may now be able to manage your account online.
  • New Employees Register / Enroll:

  • Visit this link in your preferred internet browser on your device.
  • Select the New User? link found below the logon details found on the page.
  • Type in the last 4 digits of your SSN in the space provided.
  • Enter your Date of Birth in the spaces provided.
  • Select the blue Continue button to move forward.
  • Continue to move forward and provide every important information that is asked of you to create a new account online.
  • You will be directed to your account details where you may start to manage or review as soon as your registration has been successfully completed.
    Other helpful links:
    Is Koch Industries a good company to work for?
    What are the 4 major types of employee benefits?

    The four major types of employee benefits include life insurance, disability insurance, medical insurance, and retirement plans.

    What benefits are offered to employees?

    Common benefits offered to employees are health insurance, retirement accounts, paid time off, and much more.

    Does Koch Industries have a pension plan?

    Koch Industries offers their employees a 401k retirement benefit.

    Do Koch Industries employees get discounts?

    Recommended Reading: Prudential Retirement State Of Ct Phone Number

    Ii Subject Matter Jurisdiction

    a) General Principles

    “A case is properly dismissed for lack of subject matter jurisdiction when the court lacks the statutory or constitutional power to adjudicate the case.” Home Builders Ass’n of Miss., Inc. v. City of Madison, 143 F.3d 1006, 1010 ). Pursuant to Rule 12, “the district court has the power to dismiss for lack of subject matter jurisdiction on any one of three separate bases: the complaint alone the complaint supplemented by undisputed facts evidenced in the record or the complaint supplemented by undisputed facts plus the court’s resolution of disputed facts.” Willoughby v. U.S. ex rel. U.S. Dep’t of the Army, 730 F.3d 476, 479 . Furthermore, a district court should dismiss where “it appears certain that the plaintiff cannot prove a plausible set of facts that establish subject-matter jurisdiction.” Venable v. Louisiana Workers’ Comp. Corp., ___ F.3d ___, 2013 WL 6857992 .

    b) Standing and Spokeo

    Standing is comprised of three essential elements. Spokeo, Inc. v. Robins, ___ U.S. ___, 136 S.Ct. 1540, 1547 . “The plaintiff must have suffered an injury in fact, that is fairly traceable to the challenged conduct of the defendant, and that is likely to be redressed by a favorable judicial decision.” Id. .

    Whilst an injury may be intangible, i.e., incapable of being touched or lacking physical form, see Black’s Law Dictionary , it still must be present, and not merely conceptual or theoretical. See Lee v. Verizon Commc’ns, Inc., 837 F.3d 523, 530 .

    Your Benefits Resources Website:

    The YBR Web site is available 24 hours a day, seven days a week. YBR provides information, tools and calculators to help you:
    • Learn how your benefit plans work.
    • Understand the expenses and services that your options cover.
    • Build your own medical plan, selecting from various coverage options.
    • Compare health care and insurance options.
    • Estimate your out-of-pocket costs for your medical options.
    • Search for doctors, dentists, and eye doctors online using the criteria you enter.
    • Choose or change your beneficiary.
    • Estimate your need for:
    • Life and long-term disability insurance coverage and
    • A health care and/or dependent care spending account.
  • Get answers to questions about your benefits. Use the Contact Us link on the site to send a secure question to a Customer Service Representative.
  • Information on your health and welfare, 401, pension and FSA benefits. For example:
    Health and welfare

    Please visit the official company website directly to verify all benefit options and details.

    Read Also: Employees Retirement System Of Texas Phone Number

    Koch My Life Choices Login

    Asked by :Koch My Life Choices LoginYou need to follow these guide and steps:

    • Step 1. Visit Koch My Life Choices Login official page link that we have listed below.
    • Step 2. Now you can login using your Koch My Life Choices Login official username or email and password.
    • Step 3. Still facing the issue? Kindly please contact the official support. Or visit this page and Troubleshoot the issue.

    Submitted By : Submitted By : Submitted By :

    Elza V Koch Industries Inc 16 F Supp 2d 1334

    9 ways to legally hide money from Centrelink Age Pension #HideMoneyFromCentrelink

    US District Court for the District of Kansas- 16 F. Supp. 2d 1334

    16 F. Supp. 2d 1334 Joyce ELZA, Plaintiff,

    United States District Court, D. Kansas.

    *1335*1336 Marc P. Clements, Stephanie N. Scheck, Morrison & Hecker L.L.P., Wichita, KS, Alan L. Rupe, Husch & Eppenberger, Wichita, KS, for Plaintiff.

    Mikel L. Stout, Foulston & Siefkin L.L.P., Wichita, KS, Mark V. Holden, Wade Warthen, Koch Industries, Inc., Wichita, KS, for Defendant.

    MEMORANDUM ORDER

    Joyce Elza sued Koch Industries, Inc., alleging she was discharged in violation of the Age Discrimination in Employment Act , 28 U.S.C. § 621, et seq., and the Kansas Age Discrimination in Employment Act, , K.S.A. 44-1111, et seq. Elza also brought related state express and implied contract and tort claims against Koch. Koch moves for summary judgment on all claims.

    In response, plaintiff abandoned her express contract claim and her tort claims. Accordingly, Koch is granted summary judgment on those claims. Koch’s motion is denied in all other respects for the reasons that follow.

    I. Summary Judgment Standard.II. Facts.

    The following factual scenario is based on the relevant factual allegations of the parties, where undisputed or supported by appropriate citations to admissible evidence and with all reasonable inferences drawn in Elza’s favor.

    2. Management does not notify employees of unsatisfactory work or give employees the opportunity to correct their errors before discharging employees

    Dear Fellow Employee:

    Read Also: Is Pera A Good Retirement Plan

    Share post:

    Popular

    More like this
    Related

    Sign Up For Ssi Retirement

    Do Social...

    T Rowe Price 401k Retirement Login

    International Equity...

    Can I Contribute To An Hsa After Retirement

    Capitalize On...