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.
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
401(k) Market Minute: Major Win for Jerry Schlichter, Target Date Fiduciary Traps, and More
Here's what's happening.
Plaintiffs Score Win in Excessive Fee Case Vs. Northwestern
The U.S. Supreme Court vacated the lower court ruling in Hughes v. Northwestern University, an excessive fee case that claimed a breach of fiduciary duty
Milliman 401(k) Plan Sued for Use of ‘Untested’ Target Risk Funds
Complaint seeking class action status says plan fiduciaries violated ERISA by losing up to $85 million invested in poor-performing target risk fund series
SEC Halts Ponzi Scheme Targeting Veterans’ Retirement Funds
Many fraudsters take advantage of the trust that having something in common creates, called affinity fraud
Supreme Court Hears Northwestern University Fiduciary Breach Case
Hughes vs. Northwestern University is only the second excessive fee case to reach highest court
‘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