Retirement Committee Field Guide: 401k Plans natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
Basics of Retirement Committee Organization and Operation Part 3 [Podcast] natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
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There are almost 600,000 U.S. 401(k) plans. These plans
collectively cover more than 100 million participants. They have
nearly $6 trillion in assets. Two principal laws governing
these plans, the Internal Revenue Code (the Code ) and
the Employee Retirement Income Security Act (ERISA), set out a
series of rules that are mind-numbingly complex. In or about 2007,
a plaintiff class action law firm sued a dozen very large 401(k)
plans of name-brand employers generally alleging plan
mismanagement. What started as a trickle of lawsuits
morphed into a torrent in the years that followed, and there is no
sign of the trend abating. Plan sponsors have responded by focusing
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