White Paper / Retirement, Risk Management
Fiduciary Liability Claim Trends

Class Actions Alleging Excessive Fees Paid to Service Providers Remain the Marquee Fiduciary Liability Risk

Allegations of breach of fiduciary duty based on payment of higher-than-reasonable fees to ERISA plan service providers are becoming more common. In the past 18 months, at least 38 ERISA class actions have been filed. In the past, excessive-fee ERISA litigation targeted large plans with at least $2 billion in assets. Smaller ERISA plans are now being targeted and these class actions are expensive to defend. The insurance marketplace has not yet reacted negatively to growth of excessive-fee litigation. Insurers continue to offer attractive pricing and retentions for most buyers.

Other topics covered include:

  • An anticipated drop  in ERISA stock-drop suits because of a very recent decision of the US Supreme Court
  • Uncertainty concerning new rule expanding definition of “fiduciary” under ERISA
  • Recoveries by the Employment Benefit Security Administration

Download the paper to read more.

Request this White Paper

Please fill out all of the forms below to have this white paper(s) emailed directly to you.

Acknowledgment and Acceptance of Terms.
By signing up for our newsletters and updates, you acknowledge that you have read, understand, and agree to our Terms of Use and to the use of your Personal Information in accordance with our Privacy Notice and Cookie Policy.

Your request was successfully sent. You should receive your email shortly.

< Back to Insights & Publications
Discover more Insights & Publications  |  Read more in the Lockton Newsroom  |  See our Client Stories
Read more in the Lockton Newsroom
See our Client Stories