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.
Fidelity Ensnared in MIT 401(k) ‘Quid Pro Quo’ Allegations
Update: Comments from Fidelity and MIT have been added. Tort terror Jerry Schlichter is alleging bad math and…
10 Litigation Lessons for 401(k) Fiduciaries
401(k) fiduciary litigation is not going away. If you are a plan fiduciary looking to avoid (or win)…
Coal Miners Get the 401(k) Shaft
A perennial employee fear is that 401(k) deferrals will fail to be deposited in a timely fashion (if…
Fiduciary Breach Lawsuit Issues Explored: Active Versus Passive Investments
With more than 100 lawsuits filed against the fiduciaries of defined contribution retirement plans for breach of their…
How to Address the (Major) Risks of Proprietary Funds in 401(k)s
A study by the Center for Retirement Research at Boston College in May 2018[1] found that over 40…
Why 401(k) Advisors, Sponsors NEED an ERISA Attorney
References to the hilariously un-PC movie Airplane set the stage for That 401(k) Conference at Coors Field in…
Fred Reish: Retirement Plan Litigation Lessons
Plan sponsors should be aware of the latest trends in fiduciary litigation in order to manage the risk…
Supreme Court to Hear 401(k) Fiduciary Breach Case
In a bit of a Tibble v. Edison redux, the Supreme Court said Monday that it will hear…
Can Employees Release ERISA Fiduciary Breach Claims?
Plan fiduciaries looking to avoid protracted court cases filed by their plan participants are trying to develop the…
What’s the Difference Between Fiduciary Insurance and a Fidelity Bond?
Plan administrators often ask me to explain the difference between a fidelity bond, which is required, and fiduciary…