Cerulli's survey sought to learn how lawsuits are affecting 401(k) plan sponsor decisionmaking. (Photo: AP)

Sponsors of 401(k) plans are rightfully concerned about the potential for being sued.

That’s according to a Cerulli Associates survey of 401(k) plan sponsors this year that sought to find out how the unprecedented numbers of lawsuits brought against plan sponsors and their providers in 2016. The survey sought to learn how these lawsuits are impacting 401(k) plan sponsor psyche and potentially driving decisionmaking.

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 © 2022 ALM Global, LLC. All Rights Reserved.