Investment Advice to Plans and Participants and Litigation Risks
While plan sponsors are generally the focus of ERISA litigation, retirement plan advisors can be a target of lawsuits for breach of fiduciary duties under the Employee Retirement Income Security Act of 1974 (ERISA).
There has been a recent increase in ERISA claims filed against retirement plan advisors, and this article discusses the allegations and the courts’ conclusions in selected cases.
