Nuvance and Northwell Health sued over alleged ERISA violations

Morgan & Morgan has filed a class action lawsuit against Nuvance Health and its parent company, Northwell Health, for alleged violations of the Employee Retirement Income Security Act (ERISA), alleging that Nuvance improperly took funds from employee retirement accounts to offset costs for Nuvance’s contributions to the plans.

The attached complaint alleges that Nuvance’s 401k Retirement Plan required that employee forfeitures be used to cover plan expenses, including record-keeping fees. Instead of using these forfeitures to cover these expenses, Nuvance allegedly used these funds to offset the costs of their own contributions to the plan.

The complaint is attached, and below is a statement from Morgan & Morgan founder John Morgan and attorney Marc Edelman about the case:

“Thousands of hardworking employees put their trust into Nuvance Health and Northwell Health to handle their retirement plans with integrity. We are committed to holding Nuvance and Northwell accountable for their alleged violations and will fight to recover every dollar.”