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.
Charles Schwab Hit with 401(k) Lawsuit, With a Twist
Charles Schwab Corp. is the latest company to be hit with a lawsuit over their 401(k) fiduciary responsibilities…
2 Critical Lessons Learned from Latest 401(k) Fiduciary Fail
Retail giant J.C. Penney will pay $4.5 million to current and former participants in the company’s 401(k) plan…
Leverage is the Loser in Latest Excessive Fee Suit
Essentia Health lawsuit alleges excessive retirement plan fees due to dual record-keepers, impacting costs for 20,000 participants.
401(k) Sponsors Seriously Stressed About Getting Sued
More than half of 401(k) plan sponsors express concern over potential lawsuits, new research from Cerulli Associates finds, which is stifling innovation.
A Simple Solution to the 401(k) Fee Lawsuit frenzy?
Preparing for retirement is a big a business. An estimated 52 million American workers have over $4 trillion…
Target date Funds Focus of Wells Fargo 401(k) Suit
Wells Fargo faces a new lawsuit claiming 401(k) self-dealing on the part of $3 billion of employee retirement…
Disney 401(k) Fiduciary Lawsuit Dismissed
It’s once again “The Happiest Place on Earth.” The Walt Disney Co. successfully repelled the dark minions of the…
TPA Pays for 401(k) Participant Doc Dodge
A failure to furnish documents in a timely manner when requested by a 401(k) participant could cost the…
401(k) Allegations Grow as Wells CEO Stumpf Steps Down
Embattled Wells Fargo chairman and chief executive officer John Stumpf is stepping down effective immediately, the bank announced…
Dodd-Frank Disaster: Consumer Financial Protection Bureau Ruled Unconstitutional
A federal appeals court has ruled the Consumer Financial Protection Bureau unconstitutional, the second such legal setback for a…