"Lawsuits Hit Cos. For Poor 401(k) Oversight," Compliance Weekly
Littler's Steve Friedman is quoted in this recent article on the influx of lawsuits arising out of 401K oversights. Friedman says he is "a bit surprised" such suits haven't been filed earlier. "With a stock market that hasn't been as robust as we've liked to have seen it for about six years, it's not surprising that there are some law firms and some plan participants that are questioning the prudence of the folks managing their plan investment," he says.
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