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.
Experts to Tackle Reg Ridiculousness in 401(k) Space: New England Wealth & Retirement Conference
Does anybody want to sound off on what’s happening in Washington? The fiduciary rule, litigation, contribution limit cuts? Anybody at all?
UPenn Victorious in Retirement Plan Fiduciary Battle
The Quakers stay true. The University of Pennsylvania beat back a court challenge to its 403(b) fiduciary practices,…
Gucci Dressed Down in Latest 401(k) Lawsuit
Gucci America Inc. is the latest company to be sued over the fees associated with its retirement plan.…
Echoes of Enron in Recent 401(k) Lawsuit, With A Twist
DST 401k lawsuit claims employees lost $400M from concentrated Valeant stock investments and mismanaged retirement accounts.
High Fees Flourish When Good 401k Advisors Do Nothing
Here’s how the great Bill Geist once introduced a segment on “CBS Sunday Morning:” “While police and social…
401(k) Participants Score Low-Fee Court Victory: Tibble
A seminal case in the trend towards lower fees took a major step towards resolution with an announcement Thursday…
401(k) Plan Sponsor Steals Proceeds for Country Club Creature Comforts
A 66-year old former owner of a lighting fixtures company will spend 3.5 years in prison for stealing…
Will High 401(k)s Fees Return?
Did they ever leave? Recent court cases and greater 401(k) plan participant awareness have placed distinctly downward pressure on retirement plan fees. However, in…
CITs Rise in Face of 401(k) Fee Litigation
Collective Investment Trusts are growing fast, offering fiduciary benefits, lower fees, and strong retirement plan performance.
Tort Terror Schlichter Sounds Off on DOL Rule
High-profile attorney and 401(k) Specialist cover subject Jerry Schlichter has a full pipeline and plenty to do. We…