Though Voya scored a victory when a lawsuit filed by a participant in a the Nestle’s 401k plan alleging that the provider overcharged the plan when it received revenue ...
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Another Small 401k Plan Excessive Fee Lawsuit Filed
News flash to smaller 401k plans – you are not immune from excessive fee lawsuits. The second excessive fee lawsuit was filed in Ohio against a $25 million 401k ...
Read More »Another Excessive Fee Lawsuit Settles for $31 Million (Update1)
(Updated June 23 with statement from MassMutual) In what could be a harbinger for the future of 401k excessive fee lawsuits, MassMutual recently settled with a class of 14,000 ...
Read More »401(k) Lawsuit Targets HR Outsourcer and Trustee
Emboldened by wins against large 401(k) plan sponsors like Boeing, Cigna, Caterpillar and Cigna, plaintiff’s attorney Jerome Schlichter recently filed suit against an HR outsourcing company and their discretionary ...
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