Pension Plan and ERISA Litigation
Federal law Protects Employees’ Retirement Savings.
The Employee Retirement Income Security Act (ERISA) protect employees in 401K and 403b plans. ERISA mandates that employers act as fiduciaries for their employees and exercise loyalty and due care in making investment decisions with their employees’ hard earned retirement savings.
Unfortunately, sometimes employers breach this duty, by placing their employees in retirement funds with excessively high fees or administrative costs. These fees and costs can – over time – significantly diminish the total retirement nest egg of employees. That’s wrong – and illegal.
Madia Law Represents Employees in ERISA Class Action Litigation.
These cases are usually brought as class actions by employees against employers for breach of fiduciary duty under ERISA.
Contact Madia Law Today if You Believe that Your Employer Breached Its Fiduciary Duty.
The fiduciary duty is the highest standard of care known in the law. It requires that your employer act in your best interest and with due diligence. If your employer has placed its employees’ retirement savings in funds with excessively high fees or administrative costs, it may have breached its duty. Contact us today for a consultation.