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.
Two Provisions to Protect Against ‘Significant’ 401(k) Litigation
Thanks to a recent ruling by the Supreme Court, employers can now be confident that arbitration agreements and…
Successful 401k Fiduciary Defense Verdicts
NYU, and the judge’s colorful decision, immediately come to mind, says Pension Resource Institue and Retirement Law Group’s…
Recent Fiduciary Breach Case Has Major Implications for 401k Advisors
Fiduciary breach case may reshape 401(k) advisory roles; Roger Levy discusses Brotherston v. Putnam at Fi360 Conference.
Major 401(k) Fiduciary Breach Lawsuit Finally Comes to an End
It could be argued it’s the case that started it all. After 12 years of lawyers, litigation and…
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…