Product Type: Market Research Report
Published by: TowerGroup
Published: April 2008
Product Code: R301-1453Description In light of the growing importance of defined contribution retirement plans such as 401(k) plans, the developments in two recent lawsuits — LaRue v. DeWolff and Hecker v. Deere — may well induce others to file suits against 401(k) service providers. The cases affect 401(k) service providers that bundle investment management, record keeping, and administration. This TowerGroup ViewPoint gives a brief overview of the two cases, discusses their broad implications, and summarizes some best practices for service providers to manage the risks associated with plan administration and fee arrangements.
Table of Contents - Report Coverage
- Growth of 401(k) Plans
- Exhibit 1 US Private Sector Retirement Plans by Type: Defined Contribution vs. Defined Benefit (1980-2004)
- Rise in 401(k) Lawsuits
- TowerGroup Analysis
- Summary
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