Browsing Tag
401(k) Litigation
276 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.
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…
Northrop Grumman Settles Multi-Million Dollar 401k Fee Suit
The man’s a machine. With the sting of defeat still fresh from a federal judge’s dismissal of his…
401(k) Tort Terror Schlichter Defeated by Chevron
Chevron 401k lawsuit ends as judge rules against plaintiffs, dismissing claims of conflicts, excessive fees, and fiduciary breaches.
How to Avoid 401k Litigation Attorneys on June 9
On May 22, 2017, Secretary of Labor Alexander Acosta confirmed something that we’ve argued since the DOL’s fiduciary rule…