MLchartDataset catalogue

401(k) fee claims

Term · Insurance and risk management · MLC-T-INS-000274

Lawsuits brought against employers or plan fiduciaries alleging excessive fees charged to participants in 401(k) retirement plans. These claims assert that plan administrators breached their fiduciary duties by failing to prudently select and monitor investment options or service providers, leading to higher costs for plan participants. Such claims are often filed under the Employee Retirement Income Security Act of 1974 (ERISA).

Table 1. Record
IdentifierMLC-T-INS-000274
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-000274",
  "term": "401(k) fee claims",
  "field": "Insurance and risk management",
  "definition": "Lawsuits brought against employers or plan fiduciaries alleging excessive fees charged to participants in 401(k) retirement plans. These claims assert that plan administrators breached their fiduciary duties by failing to prudently select and monitor investment options or service providers, leading to higher costs for plan participants. Such claims are often filed under the Employee Retirement Income Security Act of 1974 (ERISA).",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/401-k-fee-claims/"
}

Record 3 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.