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.
A ‘Win’ for Plan Sponsors, Fiduciaries as Excessive Fee Case Dismissal is Upheld
Sixth Circuit issues first published appellate opinion applying Supreme Court’s ERISA ruling in Hughes v. Northwestern
Reg BI Retiree Violation: SEC Charges Firm
The agency says registered reps sold ‘$13.3 million worth of high-risk bonds to retirees and other retail investors’
401(k) Market Minute: Sorry Schlichter, a New 401(k) Tort Terror Takes Over
Anything and everything you need to know about the dramatic rise in excessive 401(k) fee litigation is in…
The Dramatic Rise in Excessive 401k Fee Litigation—And Who’s Fighting It
After an unsatisfying Supreme Court decision for retirement plan fiduciaries in Hughes v. Northwestern, the U.S. Chamber of Commerce continues to fight the explosion of cases in a “cottage industry” with a unique strategy meant to get cases dismissed before they get to summary judgments or settlements. Here's an in-depth look at the issue
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