401k Safe LLC v. Pinnacle Financial Services Inc

UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION 401K SAFE LLC, } } } Plaintiff, } } } v. } Case No.: 2:20-cv-00300-MHH } } PINNACLE FINANCIAL SERVICES, INC., Defendant. MEMORANDUM OPINION In this breach of contract lawsuit, 401k Safe, LLC, a plan administrator for dozens of 401k plans, has sued Pinnacle Financial Services, Inc. Pinnacle provides administrative services on behalf of 401k Safe. It is undisputed that Pinnacle began contacting plan sponsors to ask the sponsors to contract directly with Pinnacle, circumventing 401k Safe. 401k Safe contends that…