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.
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…
Jerry Schlichter Video Interview: 401(k) Plan Sponsors, Advisors and their Fiduciary Duty
The video titled “Jerry Schlichter Video Interview: Plan Sponsors, Advisors and their Fiduciary Duty” discusses the perspectives and…
The Single Biggest 401(k) Advisor Mistake: Tibble Tort Lawyer Speaks Out
401(k) advisor mistake explained by Jerry Schlichter—learn how to avoid fiduciary errors and protect your reputation and clients..
Jerry Schlichter Video Interview: ‘I Understand Why Advisors are Scared’
Tibble versus Edison case is the focus of this video interview with Jerry Schlichter, which explores the case’s…
How Much have 401(k) Fees declined?
They’re headed in the right direction, so any reduction, however small, will do. The latest edition of the…