Original Air Date: Jun. 27, 2017
Understanding the latest trend in ERISA claims involving 401(k) plans and the plaintiffs’ bar’s search for new targets, including university 403(b) plans.
Defense contractors, technology companies, big pharma, healthcare, financial services and now private universities… What do all of these diverse organizations have in common? They’ve all had to fend off ERISA class actions alleging that their defined contribution retirement plans paid excessive fees to service providers, costing these plan fiduciaries millions of dollars in legal expenses and exposure. And the onslaught shows no signs of slowing as the plaintiffs’ appetite expands from 401(k) plans to 403(b) plans, as evidenced by the recent wave of class actions filed against private universities.
Join Chubb’s Fiduciary Product Manager, Alison Martin, along with Deborah Davidson and Jeremy Blumenfeld, leading experts in this field who defend these claims on a daily basis as defense counsel at the law firm of Morgan Lewis & Bockius, for a presentation on what the suits are about, how they are faring in the courts, what kind of exposure they pose, and the risk factors to look out for in evaluating a plan as a potential target.