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DC Plan Lawsuits 2019-2022: What Sponsors Need to Know
Callan 
Oct. 25, 2022 "Callan reviewed 165 lawsuits filed against mid- to mega-sized defined contribution (DC) plans ($175 million to $10 billion-plus) between January 2019 and August 2022, to provide an analysis of trends in litigation centered on the fiduciary duties outlined in [ERISA].... The complaints span industries, plan sizes, plaintiffs' counsel, and allegations.... The ongoing pace of new litigation reinforces the need to continue managing and reviewing fees, funds, and services." |
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