CGL’s ERISA Team: Protecting Employees’ Retirement Plans From Losses & Mismanagement

Are your retirement plan savings protected against losses due to bad investments, conflicts of interest, and excessive fees?

Cuneo Gilbert & LaDuca, LLP is investigating §401(k) and §403(b) retirement plans for potential violations of the Employee Retirement Income Security Act (ERISA) on behalf of participants and beneficiaries seeking to recover losses caused by these violations. These are representative cases, in which one or more participants or beneficiaries bring a suit on behalf of the retirement plan and all of its participants and beneficiaries.

The firm’s ERISA team consists of attorneys Mike Lenett, Charles Barrett, and Brendan Thompson. We would be happy to discuss your rights with you.

Employee Retirement Income Security Act (ERISA)

ERISA protects the retirement assets of millions of Americans by requiring that funds placed in employer-sponsored retirement plans be managed responsibly and in the best interests of plan participants.

Under ERISA, §401(k) and §403(b) plan trustees, administrators, and investment managers owe fiduciary duties to plan participants and their beneficiaries. They must exercise prudence in selecting and monitoring service providers and investment options, and they are required to avoid certain conflicts of interest and act with loyalty to plan participants’ best interests.

Many current and former employees may be unaware that their retirement plan investments are incurring excessive fees or losing money due to poor-performing or inappropriate investments—potential violations of ERISA. They may also be unaware of prohibited conflicts of interest involving transactions between the plan and “parties in interest” who provide services to the plan or hold other insider positions.

To learn more or speak with a member of our ERISA team, please contact us at (202) 789-3960.