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Questions About 401(k) Litigation?
At this week’s NAPA DC Fly-In Forum, we’ve got a very special panel of litigators – and this week, a special chance for you to ask them questions, even if you aren’t able to join us.
Just post your question(s) below:
Morningstar has estimated that the expenses from class action lawsuits stemming from the Best Interest Contract Exemption could range from approximately $70 million to $150 million annually, “adding an increase in compliance costs of about 5%-10% using the department’s estimates,” while noting that they “could be quite a bit higher in the near term as firms adjust to the rule and set up systems to determine, demonstrate, and document best interest recommendations.”
That, and other questions regarding litigation and 401(k) plans will be addressed by a special panel of ERISA litigators will be examining those issues, and the current trends in 401(k) plan litigation, at the fifth annual NAPA DC Fly-in Forum on July 18.
Morningstar has estimated that the expenses from class action lawsuits stemming from the Best Interest Contract Exemption could range from approximately $70 million to $150 million annually, “adding an increase in compliance costs of about 5%-10% using the department’s estimates,” while noting that they “could be quite a bit higher in the near term as firms adjust to the rule and set up systems to determine, demonstrate, and document best interest recommendations.”
That, and other questions regarding litigation and 401(k) plans will be addressed by a special panel of ERISA litigators will be examining those issues, and the current trends in 401(k) plan litigation, at the fifth annual NAPA DC Fly-in Forum on July 18.