阳光习惯员工起诉他们的养老金

这些天银行必须有钢铁神经。即使是潜在34,000名银行自己的员工的诉讼也不会在其季度10-Q中提及。似乎与亚特兰大的太阳型银行出现了这种情况，这是公司为其养老金参与者提供自己的养老金参与者的诉讼的目标，并将其专有的共同基金收入收费，以损害自己的员工。如果Suntrust为课程期间提供了可比的Vuguard集团资金而不是“七个附属基金”，参与者根据投诉违反1974年雇员退休收入安全法的违反员工退休金安全法 -具体而言，其信托税和禁止的交易条款。

“我们相信诉讼没有优缺点，我们会大力捍卫自己，”当被问及为什么今年的金融署省略了诉讼时，通过发言人表示。

Washington law firm McTigue & Veis filed the claim on behalf of Barbara Fuller, a SunTrust employee for 38 years, on March 11 of this year, alleging that the bank recommended investment vehicles that generated poor returns and may have improved SunTrust’s bottom line at a cost to some of the 34,000 401(k) participants. McTigue & Veis has yet to file a motion to have the complaint certified as a class action. The securities fraud law firm of Page Perry, based in Atlanta, is representing the plaintiffs locally.

Though the company failed to mention the civil enforcement action in its 10-Q1 and 10-Q2 reports this year, SunTrust’s defense against a $14.3 million suit involving a subsidiary of LandAmerica Financial Group, Inc, including the sale of auction-rate securities, is explained in the financial statement notes in the 10-Q2, as are some mortgage-related matters that are still being worked out with courts and regulators. The monetary damage or potential damage to SunTrust’s bottom line is hard to decipher because the company fails to break it out. Instead, in a 10-Q2 web-based graphic presentation, it references “credit-related expenses,” which rose by $37 million from 10-Q1 to 10-Q2, “due to higher operating losses (litigation and compliance accruals) and credit and collections.” How much, if any, of that amount relates to this year’s employee-led lawsuit alleging $110 million in losses, remains murky.

Named in the suit are past and present members of the SunTrust Benefits Plan Committee, some of whom are SunTrust’s top executives, including head of SunTrust Mortgage Jerome Lienhard and president William Rogers Jr. Also referenced, but not parties to the suit, are two subsidiaries, Trusco Capital Management and RidgeWorth Capital Management, which supplied investment advisory services to the affiliated funds and separately managed accounts in the pension plan during the class period.

从去年1月到7月，阳光停止不成功地出售Ridgeworth。相反，它将170亿美元的货币市场相互基金资产销售给联邦投资者。资产已在九大沃思货币市场共同基金中管理。

本案涉及的关联401(k)基金有8只自有关联基金:STI经典资本增值基金(后更名为大盘股增长基金);STI经典小盘股成长基金;STI经典增长收益基金(后更名为大盘股相对价值基金，后更名为大盘股核心股票基金);STI经典中市值股票基金(后更名为中市值核心股票基金);STI经典投资级债券基金;STI经典短期债券基金;STI经典优质货币市场基金;以及STI经典国际股票指数基金。

由于计划参与者对被认为过度收费的目标，因此阳光远离独自一人。Marcia Wagner of Boston-based Wagner Law Group, an ERISA specialist firm, has documented what she sees as a pattern of “complaints challenging investment and service provider fees, filed in several waves that reflected evolving and broadening theories as the plaintiffs’ bar became more familiar with the nature of its target.” The charge tends to be “causing or allowing plan providers to be paid excessive fees for their services. There’s a lot of litigation action now on settlement of cases involving 401(k) fees.”