Excessive fee lawsuits. Breach of fiduciary duty claims. Stock drop cases. Numerous lawsuits have been filed against employer-sponsored retirement plans in the past few years because plan participants are getting more savvy about things like fees and fiduciary duty, thanks in part to the Department of Labors recent focus on both issues.
And even when cases arent decided in favor of the plaintiffs, they still shed light on subjects many employers and plan participants never paid attention to before.