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Lawsuit Alleges Unexplained 401(k) Losses in Recordkeeper Switch
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Nov. 18, 2025 "According to the complaint, Rick Case Enterprises moved its 401(k) plan to Principal Financial Group from Empower Retirement in late 2022 ... [E]mployees were placed in a blackout period during the transfer ... When Principal received the funds in early January 2023, [the complaint] alleges that participant account balances were approximately 9% lower than before the transfer." [Hebert v. Rick Case Enterprises Inc., No. 25-62255 (S.D. Fla. complaint filed Nov. 7, 2025)] MORE >> |
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