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.
Major Retirement Plan Player Target of 401(k) Fraud
Fraudulent retirement plan disbursements were made from Great-West Financial accounts on which the firm was acting as recordkeeper.
The Latest Targets of 401(k) Fee Lawsuits Are …
Call it the Tibble v. Edison of union retirement plans. A new front has opened in the retirement…
Wells Fargo Whacked with (Another) 401(k) Fiduciary Suit
The perennial political piñata that is Wells Fargo finds itself in the litigation line of fire once again,…
Pension ‘Twins’ Team for Better 401(k) Fiduciary Preparedness
Top firms collaborate to enhance fiduciary compliance for 401(k) advisors, addressing key concerns and ensuring better coverage.
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…