Browsing Tag
401(k) Litigation
283 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.
SEC Charges Radio Show Advisor with Defrauding Retirees
Important question—will the passage of the SECURE Act make stories like these more or less prevalent? The Securities…
Fidelity Fees Are Top 401(k) Litigation Story of 2019
Fidelity always seems to garner attention—whether it’s controversy over supposed quid pro quo or zero-fee fund options. The…
Are 401(k) Fiduciaries Correctly Benchmarking Their Funds?
If you grew up in the mid to late ‘70s, you know well the many detective movies starring…
Critically Important 401(k) Documents to Develop and Maintain
CEFEX Perspectives A series of articles on fiduciary practices leveraging the training and experience of CEFEX Analysts. Article…
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.