Browsing Tag
401(k) Litigation
248 posts
‘Christian Advisor’ Gets 3 Life Sentences for Stealing Retirement Funds
He promised investors they would receive guaranteed, risk-free returns ranging from 5% to 8% per year
How to Deal with ‘Difficult’ 401k Committee Members: Wealth@wor(k) 2021
'These types of issues are more up-market than down-market, but as we all know, they are increasingly coming down-market'
How Fiduciaries Can Help Protect Themselves from Excessive Fee Litigation
Chubb’s Alison Martin shares steps plan fiduciaries can take to reduce the chances of a lawsuit or increase their chances of successfully defending against one
Billionaire Bond King Bill Gross Sentenced to Jail
Gross played the “Gilligan’s Island” theme song on repeat at high decibels to annoy a neighbor
Former Advisor Gets 35-Year Sentence in $25 Million 401k Fraud
'He stole significant portions of investment contributions to fund his criminal enterprise and lavish lifestyle'
‘Plan Fiduciary’ Ordered to Pay $42 Million in Case Lasting Decades
An investigative and legal pursuit that spanned almost two decades ended last week when the Department of Labor…
Who is Responsible for 401(k) Plan Mistakes?
Who is responsible when a plan fails to apply the correct definition of compensation in determining benefits, fails…
Wanted: Consistent Standards in Fiduciary Breach Legal Proceedings
Comparing active and passive investment options, impossible benchmarks—courts have applied inconsistent and often arbitrary pleading standards to the…
Bill Blocks 401(k) Withdrawal Penalties After Natural Disasters
With hurricane season upon us, Senators Bill Cassidy, R-La., and Bob Menendez, D-N.J., introduced a bill Tuesday to expedite…
Supreme Court to Hear Northwestern Fiduciary Breach Case
Northwestern University continues its battle to clear itself of a fiduciary breach charge and accusations of excessive fees…