There is this scene in Donnie Brasco when the crew has to make their take for the week and they try to hammer a New York City parking meter for the coins. This reminds me of certain ERISA litigators looking for more plan sponsor lawsuits.<\/p>\n
Thanks to fee disclosure and Federal courts not interpreting high costs as a de facto breach, ERISA litigators need new avenues for litigation. The Black Rock Target Date Fund cases were a bust, as are most of these plan forfeiture cases. Perhaps there will be a case about notices to former participants or moving missing participants into IRA accounts.<\/p>\n
Whatever it is, we must remain vigilant in keeping plan sponsors like you, out of potential harm\u2019s way.<\/p>\n
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