When it comes to 401(k) litigation, we are in a world where every action can be put under the microscope.
By Gordon Tewell|May 16, 2018 at 08:00 AM
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While retirement plans with billions of dollars dominate the plan litigation headlines, smaller plans have the opportunity to learn from the suits filed against their larger plan peers and hopefully avoid possible litigation.
Until recently, the fee-based claims against retirement plan fiduciaries targeted “mega-plans” — for example, Verizon ($30B); Chevron ($19B); Intel ($15B); Oracle ($11B); American Airlines ($9B) — but two cases may indicate an extension of fee based claims into the small/mid-size plan market: CheckSmart ($25M) and LaMettry’s Collision ($9M).
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