Tag: 401(k) fees|401(k) plans|Automatic enrollment|Court decisions|ERISA|Retirement USA
ERISA Class-Action Suits Shape U.S. Retirement Future
In the absence of a national retirement policy, litigators in the courts — not lawmakers — have played an outsize role in shaping America’s retirement future. Why? Participant-directed defined contribution plans, most often 401(k)s, did not exist as mainstream retirement schemes when ERISA was created.