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.
Be Careful What You Wish for With Fiduciary Rule
Fiduciary rule 'shelving' leaves 401(k) advisors uncertain as SEC and DOL actions shape the future of fiduciary standards.
Is This the Most Absurd Fraud Case Yet?
“You want to sue me?” “Well, why not? Sue everybody.” – Jerky Boys, “Punitive Damages” Anyone can be sued…
Secretary Galvin Sues On Behalf of ‘Dead’ Retirement Pensioners
Massachusetts Secretary of the Commonwealth William Galvin filed a complaint against MetLife over its failure to pay the pensions…
Understand 401(k) Plan Expenses to Yield Fitting Benefits
The recent barrage of litigation and emerging regulations pertaining to retirement plan fees has put 401(k) plan sponsors…
University Battles Back in Retirement Plan Fee Fight
Northwestern University – 1, Jerry Schlichter – 0 The prestigious Chicago-based university was able to fend off a…
Home Depot Accused of Shoddy 401(k) Construction
Home Depot ERISA lawsuit claims poor 401(k) fund choices and high fees harmed retirement savings.
Dismissal Denied: 401k Case Against Edward Jones Will Continue
A federal judge has denied Edward Jones’ second motion to dismiss a case alleging ERISA violations by the…
Oregon Settles Lawsuit with State Retirement Plan Challenger
A unique lawsuit: ERISA Industry Committee sues Oregon Retirement Savings Board for alleged ERISA violations.
Marcia Wagner: How to Avoid 401k ‘Share-Class Chaos’
It’s like a breaking news chyron on any cable channel, and designed (successfully) for maximum attention: “Investment Management…
More 401k Fraud Fallout Amid Vantage Allegations
More repercussions from the alleged criminal activity involving Vantage Benefits Administrators, a Dallas-based “TPA, recordkeeper and professional fiduciary.”…