A slew of recent class-action lawsuits on the part of retirement plan participants have made plan sponsors and benefits managers fearful of some serious financial implications for fiduciary breaches well-founded fears that need to be immediately addressed, according to attorney Alex M. Brucker.
Brucker, founder of the Los Angeles-based law firm Brucker & Morra, APC, advises plan sponsors to take proactive steps to help protect themselves from what he says he sees as a potentially dangerous trend of suits organized by class-action lawyers.
