Banking Co. Says Proprietary Fund Argument Is Too Extreme

By Emily Brill (June 18, 2021, 8:33 PM EDT) -- Associated Banc-Corp is fighting allegations that it flouted ERISA by letting its workers invest retirement savings in underperforming company-affiliated funds, urging a Wisconsin federal judge to reject what the company characterized as an ill-advised crusade against financial institutions placing any affiliated funds in their retirement plans.

In a brief filed Thursday, the Green Bay, Wisconsin-based banking company urged U.S. District Judge William C. Griesbach to dismiss a proposed Employee Retirement Income Security Act class action filed in January challenging Associated Banc-Corp's 401(k) plan investments.

The company argued that its workers simultaneously took too aggressive and too broad of a stance in their...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!