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.
Fidelity Facing 401(k) Fee Fire on Multiple Fronts
Massachusetts Secretary of the Commonwealth William Galvin sent a letter to Boston-based Fidelity Investments on Feb. 27 requesting…
Caution: Pros and Cons of Arbitrating 401k Fiduciary Claims
Arbitration is an oft-used form of alternative dispute resolution. Two or more parties fail to resolve a disagreement,…
Why 401(k) Committees Need to Take Meeting Minutes
It’s been said that the DOL and courts take the position that “if it wasn’t documented, it didn’t…
Amish Community Targeted in 401(k) Fraud
An alleged Ponzi scheme involving the Amish community is being called a “landmark” case of fraud—not for the…
Fred Reish: Better To Act BEFORE You Get Sued
401(k) fiduciary best practices help sponsors reduce lawsuits, ensure compliance, and protect plan participants effectively.
Is the Tide Turning in 401(k) Fee Litigation?
Given the number of investment and fee cases in the news, you would be forgiven for thinking that…
PG&E Peril: Employer Stock in the Company 401(k) Plan
With the PG&E bankruptcy, inquiring minds want to know if there was company stock held in the 401(k) plan? Well yes, there was.
Woodbridge Ponzi Scheme Judgment: Not Madoff-Big, but Still Hits Billion-Dollar Mark
Some eye-popping figures came out that Monday federal court ruling in Florida, where the Securities and Exchange Commission…
6 Important Tasks Too Many 401(k) Plan Sponsors Ignore
The retirement plan industry has stressed the need for 401(k) plan sponsors to understand their fiduciary duties as…
Hooray for Hoyas: Georgetown Beats Back Fiduciary Breach Suit
Georgetown University has prevailed in a lawsuit regarding its 403(b) plan, with the U.S. District Court for the…