Sponsors of 401(k) plans are rightfully concerned about thepotential for being sued.
That’s according to a Cerulli Associates survey of 401(k) plansponsors this year that sought to find out how the unprecedentednumbers of lawsuits brought against plan sponsors and theirproviders in 2016. The survey sought to learn how these lawsuitsare impacting 401(k) plan sponsor psyche and potentially drivingdecisionmaking.
More than half of 401(k) plan sponsors are concerned aboutpotential litigation, according to the findings.
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