Bloomberg Law
April 5, 2022, 8:45 AM

Flood of 401(k) Fee Lawsuits Spur Wave of Early Plaintiff Wins

Jacklyn Wille
Jacklyn Wille
Legal Reporter

The explosion of litigation over 401(k) plan fees that began in 2020 has translated into an impressive early win rate for the plaintiffs’ bar and tens of millions of dollars in settlements, a Bloomberg Law analysis found.

More than 170 lawsuits challenging retirement plan fees have been filed in federal courts since 2020, a large increase fueled in part by an emerging blueprint for filing cases and increased scrutiny from plan participants during the Covid-19 pandemic.

The proposed class actions, which are pending in more than half of U.S. federal district courts, accuse employers of mismanaging their retirement plans in ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.