United States:
401(k) Lawsuits on the Rise: Best Practices for Plan Fiduciaries
02 November 2017
McDermott Will & Emery
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At the 36th Annual ISCEBS Symposium, Todd Solomon presented best
practices for plan fiduciaries to avoid 401(k) plan and 403(b) plan
class action lawsuits. Todd discussed fiduciary responsibilities
under ERISA as well as potential consequences of breaching
fiduciary responsibilities. He highlighted notable cases brought
against plan fiduciaries, including those that allege excess plan
fees. Todd discussed the need for rigorous monitoring and
documentation of the review process.
401(k) Lawsuits on the Rise: Best Practices for Plan
Fiduciaries
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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