Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

Quality Assurance Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Settling a 401(k) Fee Lawsuit Means Much More Than Writing a Big Check
ERISA Fiduciary Administrators LLCLink to more items from this source
Apr. 1, 2015
"Protracted Iitigation in excessive fee cases ... puts the employer in an extended adversarial relationship with the bulk of its active workforce. The reputational damage that results from the public disclosure that it has fought hammer and tongs, expending many millions in defense costs, to unsuccessfully avoid restoring fiduciary losses to the company's 401(k) plan, will only frustrate its strategy to attract greater participation rates and is clearly inconsistent with the incentive and retention purposes of the plan. For all these reasons, we may be witnessing a waning of the customary urge to fight giving way to a deeper appreciation that an aggressive posture does not normally serve the company's long-term financial interests."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.