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.
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…
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.