Register for our live webinar:
Retirement Plan Lawsuits on the Rise
Starting in 2006, the law firm of Schlichter, Bogard and Denton filed a bevy of lawsuits against corporate giants relative to the 401(k) plans sponsored by each corporation. A common thread through all of the suits was excessive fees, but the overarching theme was the alleged failure on the part of the plan fiduciaries to fulfill their fiduciary responsibilities and obligations. Settlements have been reached in several of the suits, resulting in settlement amounts in the tens of millions of dollars.
Lawyers on behalf of retirement plan participants are now setting their sights on non-profit institutions, including one hospital in New York. This is a wake-up call to all non-profit organizations to make sure their retirement plan fiduciary oversight is robust and compliant.
Join this webinar to help you better understand and mitigate this often overlooked risk.The webinar will discuss:
- an overview of retirement plan litigation;
- the risk to the healthcare and not-for-profit industries;
- preventative measures to avoid litigation; and
- what the future may hold.
PRESENTER: James J. Kelley, President, Strategic Benefit Services