As A 401(k) Sponsor, A Class Action Lawsuit Is The Least Of Your Worries.
There are a lot more things to worry about.
Having my own National ERISA practice for over 8 years, it's been a broken record to hear from 401(k) plan sponsors on how they have nothing to fear about being sued since their plans are small potatoes. The problem with that view is that a big class action lawsuit is the least of your worries as a plan sponsor. This is why you need to be vigilant and diligent in your duties as a retirement plan sponsor. So this article is about the many threats that could hurt you in the pocketbook when it comes to your 401(k) plan....
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