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.
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.”…
Regulator Galvin Investigates Wells Fargo’s 401k Rollover Recommendations
The hits keep happening. Massachusetts Secretary of Commonwealth William Galvin has opened an investigation into Wells Fargo Advisors,…
A Simple Solution to Protect 401(k) Plan Participant Assets
Vantage Benefits Administrators, a Dallas-based “TPA, recordkeeper and professional fiduciary” and subject of an FBI raid in October amid fraud…
5 (Critical) Reasons for Fiduciary Liability Insurance
“Fiduciary liability insurance—isn’t every plan required to have that?” Actually, fiduciary liability insurance is not required, but it’s…
DOL Settles with ‘Fiduciary Firm’ Over $16 Million 401k Fraud
It would seem companies with “fiduciary” in their name or professional description have trouble understanding the word. On…
Woman Sentenced for Retirement Plan Embezzlement
Oklahoma woman gets 3-year federal prison sentence for embezzling hundreds of thousands from unionized engineers' benefits plan.
Dallas-Based ‘Professional Fiduciary’ Sued After FBI Raid
Vantage Benefits Administrators, a Dallas-based “TPA, recordkeeper and professional fiduciary” and subject of an FBI raid in October…