X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Lockheed Martin Corp. agreed last month to pay $62 million to end a lawsuit over claims it shortchanged 120,000 workers and retirees who participated in its pension plans.

SAN DIEGO – Punitive damages aren’t allowed under the Employee Retirement Income Security Act, so whoever came up with “401(k) Fee Lawsuits: The Next Tobacco?” as the title for a Sunday afternoon workshop at the 2015 NAPA Summit was aiming for titillation.

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.