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.
Ten Litigation Lessons for 401(k) Fiduciaries
401(k) and 403(b) plan litigation is not going away. If you are a plan fiduciary looking to avoid…
5 Good Reasons to Fire a 401(k) TPA
Saying goodbye is never easy, but there are certain times when you simply need to do it. When…
9 Issues 401(k)s May Face in 2019—And What to Do About Them
Advisors, sponsors and participants, lookout. In an era when Americans are responsible for funding their own retirement through…
A Simple Recipe for Minimizing 401k Lawsuits
A recent paper issued by the Center for Retirement Research documents the surge in 401(k) litigation over the…
Surprising Fallout in 401(k) Fiduciary Fraud Case
The ongoing saga involving alleged husband and wife grifters Jeff and Wendy Richie, proprietors of Vantage Benefits Administrators,…
Cuomo Forced Into Court in 401(k) Financial Farce
NRA First Amendment lawsuit advances in New York, raising concerns over free speech, financial services, and regulatory influence.
Fred Reish: Court Rules in 401k Fiduciary’s Favor
As I previously discussed, the Court’s opinion about the case of Sacerdote v. New York University pointed out the deficiencies in…
Fidelity Faces Second 401(k) Lawsuit From Employees
Fidelity 401(k) lawsuit alleges mismanagement, excessive fees, and losses costing employees millions in retirement savings.
Securities Litigation Hits All-Time High
Securities Litigation Report reveals record filings, higher plaintiff losses, and rising cryptocurrency-related cases since 201
Mass Regulator Galvin Slams Broker-Dealer and Its REITs
No-nonsense Massachusetts Secretary of the Commonwealth William Galvin said Friday that his office has entered into an order…