Search
 
Research

Increasing 401(k) lawsuits: Causes, consequences

The Center for Retirement Research examined the proliferation of 401(k) lawsuits. Here's what they found.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
401(k) word cloud Plenty of questions about 401(k)s remain unanswered, particularly regarding the legal obligations of plan fiduciaries, the CRR report says. But there are also several other key reasons for the increase in lawsuits. (Photo: Shutterstock)

With 401(k) plans taking over from pensions as the chief employer-provided means of saving for retirement, there’s plenty of ground to cover in keeping up with fiduciary obligations of those who have to administer the plans and their assets.

A new brief from the Center for Retirement Research at Boston College looks at the proliferating phenomenon of lawsuits over those fiduciary obligations, the reasons for the lawsuits and the effects they have on the 401(k) plans they challenge, including the potential to throttle innovation.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

More from this author

Recommended Stories

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 © 2021 ALM Media Properties, LLC. All Rights Reserved.