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Understanding Fiduciary Responsibilities
Over 300 DC Plan Lawsuits Since 2006
• Large plan sponsor fiduciaries
• Plan service providers
• Financial institution plan sponsors
• Large universities with 403(b) plans
• More lawsuits likely
– More plaintiff law firms are entering
the business
– Smaller plans are being targeted
Defendants have paid over
– Law firms are finding new categories of $1 billion to settle.
defendants to sue and raising creative new claims Over 100 filings in 2020.
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