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401(k) Fiduciary Litigation: Lessons for Managing Fiduciary Obligations under Employer-Sponsored 401(k) Plans

September 2016
Presenters: Michael A. Hart

 Watch Webinar Recording (CLE/CPD Credit Available)

The past year has seen another wave of class action lawsuits by employees targeting their employers’ 401(k) plans and the corporate executives who have fiduciary responsibilities for the management of those plans.  Filed against some of the largest employers in the U.S., the lawsuits typically seek damages of tens to hundreds of millions of dollars.  And recent filings suggest that mid-size and smaller companies may soon also be in the cross-hairs.  401(k) fiduciary exposure has emerged as a front line agenda item for the boards and executive leadership teams for companies of all sizes.  

In this webinar, K&L Gates Pittsburgh Office Partner, Michael Hart, provides a summary of recent 401(k) litigation, describes the fiduciary obligations of corporate executives under their companies’ 401(k) plans, and discuss strategies for managing those obligations in light of the recent lawsuits.  His presentation covers a variety of 401(k) fiduciary activities, including:  

  • Selection of recordkeepers and other service providers
  • Selection of investment funds
  • Documentation of fiduciary structure and decision making