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.
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…
Why 401(k) Advisors Should Be Concerned By Latest Schlichter Settlement
A condition buried in the recent settlement of a lawsuit brought against Vanderbilt University by famed fiduciary breach…
Will Your Target-Date Fund Trigger a Fiduciary Lawsuit?
Target-date funds may be the ticking time bomb of ERISA litigation. There are major differences among target-date funds,…
Contractor Constructs Fraudulent $3 Million Recordkeeper Scheme
The owner of two contracting companies is facing jail time after pleading guilty to money laundering in the…
Miners Locked Out of 401(k)s Get Access to Funds
Blackjewel 401k funds are finally accessible after withheld paychecks left miners without retirement savings for months.
Former CEO Could Face 25 Years After Guilty Plea in Woodbridge Ponzi Scheme
It could be up to 25 years in prison for former Woodbridge Group of Companies CEO Robert H.…
Major Ruling in ‘Plan Sponsor as Fiduciary’ Lawsuit
The Fourth Circuit Court of Appeals has allowed a life insurance beneficiary to sue her husband's employer for breach of fiduciary duties.