401(k) lawsuits explode in 2020
New cases were filed against employers, and insurers have tamped down limits on fiduciary liability coverage
Lawsuits against 401(k) sponsors have been pervasive this year, with nearly 100 new cases alleging breaches of fiduciary duties in connection with the fees workers incur.
That trend has coincided with a steep rise in cost for fiduciary liability insurance and a lower ceiling on limits, meaning th
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