Here Are the Ways Employers May Be Shortchanging Your 401(k)

2016-08-24T16:42:51-07:00August 24th, 2016|Categories: 401(k)|Tags: |

American workers often fail to scrutinize the details of their 401(k) plans—they’re just happy to have one and trust their nest egg will grow. But more lawyers are saying that the guy with the horns and hooves appears if you look hard enough. Class-action law firms are furiously investigating retirement savings plans offered by a wide range of corporations and nonprofits, including universities. A mounting number of lawsuits against plans allege excessive fees and a lack of attention to plan design: In other words, that sponsors are breaching their fiduciary duty. […]