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.
Why 401(k) Sponsors Must Be Given Authority in Plan Interpretation
In a sue first, ask questions later world, it’s never been more important for 401k advisors and their…
Another University Prevails in 401(k) Fiduciary Lawsuit
NYU ERISA lawsuit ended as court ruled trustees acted prudently, defeating claims of excessive fees and underperforming investments.
Why the Resurgence in Fee-Focused 401(k) Litigation?
After a few years of decline, litigation involving 401k plans “has surged again recently,” according to a study…
Another Sign 401(k) Plan Sponsors Are Fighting Back And Winning
Perhaps the tide is turning after all. In a ruling last week, CheckSmart Financial won a two-year-old lawsuit…
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.