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.
Key Challenges Facing Plan Sponsors Tackled at Qualified Plan Fiduciary Summit
One-day event with top speaker lineup provides high-level updates on top-of-mind trends and issues facing qualified retirement plans
Broker Targeted Federal Retirees with Fraudulent Annuity Rollovers
$1.7 million in commissions were earned on the sales
Vanguard Faces Lawsuit Over Decision to Lower TDF Investment Minimums
Proposed class action suit says Vanguard caused smaller retail investors to pay “substantial” capital gains taxes after retail target-date fund sell-off as result of change
Why a ‘Tidal Wave’ of Fiduciary Lawsuits Are Coming Soon
Investing the time and energy in getting plans in compliance now will pay dividends in the coming years
Two Men Convicted for $20 Million Retirement Investment Fraud
The face up to 90 years and 200 years, respectively, in prison
Former Advisor Sentenced in Elder Fraud Scheme
He solicited funds by telling potential investors they would double, triple, or quadruple their investments
Hughes v. Northwestern: A Missed Opportunity to Establish a Workable Pleading Standard
Authors Myron D. Rumeld, Tulio D. Chirinos and Daniel Wesson of New York-based law firm Proskauer say the Supreme Court’s recent high-profile ruling does come with a potential silver lining for plan fiduciaries
401(k) Market Minute: Elton John Says Farewell, More Retiree Scams, and a Hot M&A Market Gets Hotter
Elton John says farewell to fans with the help of the Alliance for Lifetime Income. Like the Alliance…
Why the Fed is Caught in an Inflation Trap
It’s widely recognized that quantitative easing is a dangerous experiment of magnitude that has never been conducted before.
Hughes v. Northwestern Bottom Line: Harder to Dismiss Cases
Recent Supreme Court opinion means steady flow of 401k and 403b excessive fee cases expected to continue, with motions to dismiss less likely to be granted