Browsing Tag
401(k) Litigation
283 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.
Opinion: Are Oklahoma 401(k) Plans Helping to Destroy State’s Energy Business?
In this op-ed from Ok401k’s Terry Morgan, the author argues that many Oklahoma 401k participants may be unknowingly investing in companies that are against their best interest
SEC Bars Advisor for Federal Retirement Plan Rollover Fraud
Scheme persuaded hundreds of current and former federal employees to liquidate their Thrift Savings Plan accounts for high-commission variable annuities
Prison-Bound Financial Advisor Racked Up 37 Complaints in Two Years
Dubious 'achievements' in his young 33 years
‘Pharma Bro’ Fallout: 401(k) Funds Can Be Garnished
Second Circuit decision this week finds ERISA doesn’t shield the retirement funds of former Martin Shkreli lawyer Evan Greebel
‘Reckless’ Jerry Schlichter Slammed (Again) in Empower’s Win
He is 'personally liable for Defendants’ excess costs, expenses, and attorney fees,' according to the judge
Mastermind of $300 Million Ponzi Scheme Targeting Retirees Sentenced
The defendant and his co-conspirators contacted retirees experiencing financial distress, most of whom were military veterans
Shh! Victoria’s Secret Settles 401(k) Suit
The lawsuit alleged pricey fees and investment options in the $1.6 billion 401k plan
401(k) Cyber Theft Lawsuit Highlights Recordkeeper Procedures
We need a federal solution to protect participant accounts
90-Year-Old Morgan Stanley Advisor Allegedly Shoots Business Partner
The victim was transported to a local hospital expected to survive
A VERY Scary Case of 401(k) Participant Theft
They added a bank account belonging to another individual without the victim’s knowledge or authorization