Browsing Tag
401(k) Litigation
270 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.
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…
Why this 401(k) Plan Sponsor is Suing the IRS
Engaged in revenue sharing relationships in the past? Maybe a small fiduciary breach that might have once been…
5 Fiduciary Questions 401(k) Advisors Need To Answer
With high-profile 401(k) litigation making headlines, many plan sponsors, if they haven’t already, will likely turn up the…
Attorney Schlichter Files Stable Value 401(k) Lawsuit
Say this for Jerome Schlichter—his timing is impeccable. The star attorney has filed another bombshell lawsuit, this time…
How (Not) to Get Sued By 401(k) Tort Terror Jerry Schlichter
Industry crusader or sector pariah? Tort terror Jerome Schlichter causes angst and anxiety about long-held 401(k) industry practices,…
JPMorgan Prevails in ‘London Whale’ 401(k) Fiduciary Lawsuit
More on the of company stock risk in 401(k) plans and the potential dangers of concentrated ownership. If…
Vanguard Caught in Frenzied 401(k) Free-for-All
You might as well sue Mother Teresa for fleecing the poor. Vanguard is prominently featured in an excessive-fee lawsuit.…
Court Approves $27.5 Million Settlement in Ameriprise 401(k) Fee Case
Like the smart students who win all the year-end awards, Schlichter, Bogard & Denton announced last week that…
How Not to Get Sued?
401(k) Litigation. Apologies for the awkward phrasing, but answering that blunt question is the reason for our existence.…
401(k) Auto-Enrollment Violates Patents: Lawsuit
T. Rowe Price finds itself in the litigation crosshairs, according to a recent blog in The Wall Street…