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.
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…
Princeton: Nobel Laureates and a Low-Fee Lawsuit
The venerable university is the latest institution of higher learning to be sued over its retirement plan's alleged high fees and record keeping choices.
Top Investment Research School Hit With Fee Lawsuit
Well, this is awkward. The University of Chicago, home to Nobel laureates, quant fanatics and more investing expertise…
Why All the Fuss Over 401(k) Fees?
An illustration of why, exactly, fees have taken center stage in the 401(k) and retirement industries (and made…