401(k) Excessive Fee Litigation
Schneider Wallace Cottrell Konecky LLP is a well respected national trial law firm that litigates complex 401(k) plan claims. Since our founding 25 years ago, our firm has been at the forefront of the evolving pension regulations and litigation.
Our trial attorneys aim for perfection in investigation, preparation and litigation of our cases. We strategically negotiate solutions when in our clients’ best interests and aggressively advocate our client’s position in court.
The providers of 401(k) plans earn legitimate revenues off the fees they charge for making wise, lucrative investments for participants, but excessive fees are unfair to participants. Fees may be considered excessive if:
- The plan engages in excessive transactions that generate unreasonable total commissions.
- The plan charges high fees to manage and operate the plan.
- The plan’s revenue sharing agreement pays high costs for daily operations.
Pensions are generally treated as conservative investments that tend to be lower yield, low-risk and long-term. Therefore, a red flag of excessive fees is a high ratio of fees to revenue.
401(k) Class Action Litigation
Often, a 401(k) plan’s participants will sustain similar losses under similar circumstances, making them good candidates for class action litigation. Our firm represents classes of participants that have been charged excessive fees or lost money due to imprudent investments by 401(k) plan sponsors. This allows the class to share the costs of litigation and to speed up the process of recovery.
Learn More about 401(k) Litigation and Remedies
To uphold your rights in 401(k) litigation, talk to our experienced 4-1(k) plan trial lawyers at Schneider Wallace. Our attorneys can meet plan participants in one of our three primary office locations in California, Texas, North Carolina and Puerto Rico.