Browsing Tag
401(k) Litigation
273 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.
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 401(k) 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…
401(k) Critics Warren, Ghilarducci, Others Increase Retirement Plan Attacks
Teresa Ghilarducci doesn’t like 401(k)s. The professor of economic policy analysis at the New School for Social Research has…
401(k) Fee Fighter Jerry Schlichter Settles Another Case
Notch another win for star attorney Jerry Schlichter. The nemesis of Boeing, Lockheed Martin, Edison International and the…
Fidelity Sued (Again) Over Alleged 401(k) Fiduciary Breach
The latest case to throw cold water on 401(k) fees involves Delta Airlines, Fidelity Investments, and (of all…
Raymond James ‘Fails Fiduciary Responsibility,’ Named In Ski Resort Ponzi Scheme
Talk about a snow job. An investor in Jay Peak, a Vermont-ski-resort-turned-Ponzi-Scheme, has filed a class-action lawsuit in…
Trouble with Tibble: Edison International Wins Dismissal of 401(k) Lawsuit
A bombshell ruling from a U.S. appeals court on Wednesday dismissed a lawsuit by Edison International employees in…
‘Father of 401(k)’ Ted Benna Sounds Off on DOL Fiduciary Rule
Ted Benna wants to make something absolutely clear; a warning for 401(k) advisors specifically, and the industry in…