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.
ERISA Fiduciary Breach Back on Supreme Court Docket
How long is too long to take issue with 401(k) plan investments offered and/or made by the plan…
MIT Agrees to Hefty Sum for Alleged Fiduciary Breach
Massachusetts Institute of Technology employees and retirees will receive an $18.1 settlement as part of a deal struck…
He Got the Max: Woodbridge’s Shapiro Gets 25 Years for Ponzi Scheme
Former Woodbridge Group of Companies Owner and CEO Robert H. Shapiro was sentenced to 25 years in prison…
Massive Embezzler Offers 401(k) As Partial Penance
401(k) fraud case reveals ex-Weyerhaeuser manager stole $4.5M through fake vendors, offering retirement funds as restitution.
$8.5 million settles Safeway, Aon Hewitt excessive fee 401k lawsuit
Grocery chain Safeway and Aon Hewitt Investment Consulting Inc. agreed to pay a combined $8.5 million to end…
MIT Settles Fidelity 401(k) ‘Quid Pro Quo’ Case
MIT 401k lawsuit nears settlement as participants allege fiduciary breaches tied to Fidelity; final details await court approval.
Reg BI Lawsuit: 8 Attorneys General Sue SEC
New lawsuit claims SEC’s ‘Regulation Best Interest’ fails to protect investors or meet standards laid out in Dodd-Frank Act.
Lawsuit Targets Fiduciary Failures of One of the ‘Most Expensive’ 401k Plans in U.S.
The latest class action 401k lawsuit was filed in Texas on Tuesday against San Antonio-based grocery chain H-E-B,…
Advisor Charged With Stealing Funds For Travel, Luxury Hotels
An advisor with “penchant for international travel” racked up massive amounts of credit card debt, and allegedly used…
MIA: Clear Guidance About Missing 401(k) Participants
With the Department of Labor by all accounts stepping up a national audit campaign targeting 401(k) plans with…