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Sentinel Group
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Retirement Relationship Manager MAP Retirement
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MAP Retirement
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MAP Retirement
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When Your 401(k) Is Better for Your Employer
The New York Times; subscription may be required
June 6, 2016
"[C]lass-action lawsuits against retirement plan sponsors in recent years have generated significant payouts ... [S]ome employers are responding by modifying the terms of their plans.... Changes ... include reducing the amount of time a participant has to bring a legal action and requiring that such an action be brought in a court that is convenient to the plan sponsor but not necessarily to a beneficiary.... Such requirements do more than make it harder for beneficiaries to receive the benefits they are owed, said Norman Stein, senior policy adviser at the Pension Rights Center ... They also prevent participants from holding plan overseers accountable."
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