Bloomberg Law
June 17, 2020, 9:41 AM

Coronavirus Creates New Risk for 401(k) Retirement Disputes

Lydia Wheeler
Lydia Wheeler

The coronavirus could spark a new type of claim against 401(k) retirement plans.

Companies dealing with pandemic-related disruptions like remote work and staff furloughs are at risk of getting sued if those disruptions impact investment decisions regarding the company’s retirement plan, and as a result, how well the plan performs, benefits attorneys say.

Retirement plans have been an active area of litigation in recent years with a flood of cases, many of which were successful, challenging high plan fees. Attorneys, now bracing for the next wave to hit, say an already active plaintiff’s bar could come out of the crisis ...

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