401(k) Plans and Lawsuits

From the 1990’s forward, litigation against 401(k) plan sponsors has tripled; now surpassing litigation brought against medical professionals.[1] Stop for a moment and think about what that statement means: companies that offer a 401(k) plan are getting sued more often than Doctors, nurses and the staff who assist them. No doubt, you are familiar with or have heard of someone you know that has brought litigation against a medical professional for malpractice – a relatively common occurrence. Yet, what you may not have realized is that there are more law suits brought against plan sponsors of 401(k) plans than against medical professionals. You may recognize some of the entities that have

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