Browsing Tag
401(k) Litigation
269 posts
401(k) litigation refers to legal actions brought by plan participants against employers or plan fiduciaries, typically alleging mismanagement of retirement plans. Common claims include excessive fees, poor investment choices, failure to monitor service providers, and breaches of fiduciary duty under ERISA. These lawsuits seek to hold fiduciaries accountable for decisions that may harm participants’ retirement savings. The outcomes can lead to financial settlements, plan reforms, or precedent-setting rulings that impact fiduciary standards.
‘Pension Predators’ Hearing Targets Abusive ERISA Lawsuits
Tuesday committee hearing explores concerns about formulaic ERISA class actions critics say enrich plaintiff attorneys and stifle plan innovation
Trump’s Private Equity 401(k) Push: 12 Legal Views
A roundup of key insights from law firms in the wake of the Aug. 7 Executive Order
Record-Breaking $69 Million Settlement in UnitedHealth 401(k) Case Finalized
Settlement said to be largest ever for a mismanaged retirement funds case
Jury Awards Pentegra MEP Participants $39 Million in ERISA Suit
Damages in excessive fee case believed to be highest yet after one-week jury trial
Supreme Court Supports Cornell Participants in ERISA Suit
The decision allows Cornell University employees another chance in challenging the institution's retirement plan
Trump EBSA Nominee Aronowitz Calls for Specialized ERISA Court
Encore Fiduciary leader and outspoken critic of frivolous litigation lays out case for why he believes it is needed
Trump EBSA Nominee Aronowitz a Stern Critic of Frivolous ERISA Litigation
President taps Encore Fiduciary’s Daniel Aronowitz to succeed Lisa Gomez in key ERISA-policing role
Key Takeaways to Consider in Wake of American Airlines ESG Opinion
Judge’s recent decision in landmark case gives plenty for plan fiduciaries, sponsors and advisors to think about moving forward
Southwest 401(k) Hit with Lawsuit for Underperforming Fund
Suit filed Tuesday alleges airline failed to replace a “chronically underperforming fund” holding over $2 billion in retirement plan assets
Groups Urge Supreme Court to Clarify ERISA Litigation Pleading Standards to Combat Surge in Frivolous Suits
Amicus briefs filed asking Court to affirm Second Circuit judgment in Cunningham v. Cornell University which will be heard on Jan. 22