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.
Another Fund Company Hit With 401(k) Fiduciary Suit
“The four most dangerous words in investing are, it’s different this time.” Sir John Templeton’s famous quip might…
401(k) Fiduciary: Look Who’s Getting Sued Now
We’re pretty sure the Vatican is next on his list. In somewhat of a shift in strategy, or rather…
The Increasing Importance of 401k Fiduciary Insurance Coverage
It’s critically important for plan sponsor clients of 401(k) advisors to understand what fiduciary insurance is and what it does.
The Target of the Latest 401(k) Fee Lawsuit?
Who’s counting at this point? Tort-terror Jerry Schlichter mentioned in January that they’re were roughly 40 fiduciary lawsuits…
Another Example of the Dangers of Company Stock in 401(k)s
Participants in SunEdison Inc.’s $155 million retirement plan suffered heavy losses on their investments in company stock last…
Not Even Small 401(k) Plans Are Safe
A second smaller 401(k) plan in as many months is the target of a lawsuit accusing it of…
Edison International 401(k) Saga One Step Closer to End
In a last vestige of the landmark Supreme Court case Tibble v. Edison International decided last year, two…
Target-Date Twist in Latest 401(k) Fee Lawsuit
Yet another high-fee/fiduciary-fail lawsuit has been filed in the ongoing tort-lawyer Gold Rush involving 401(k)s. This time, Fujitsu…
Disney Sued as 401k Returns Magically Disappear
Oh, come on! Now they’re going after Mickey? “The Happiest Place on Earth” is a little sadder today with…
American Century Sued By Employees Over 401(k) Plan
Transamerica, Ameriprise Financial, MassMutual and now American Century. Financial services and mutual fund companies are increasingly the targets…