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Schlichter, Bogard & Denton 401(k) Excessive Fee Claim Against International Paper Granted Preliminary Approval

Schlichter, Bogard & Denton 401(k) Excessive Fee Claim Against  International Paper Granted Preliminary Approval On October 10, 2013, St. Louis law firm Schlichter, Board & Denton obtained preliminary approval of a $30 million settlement with International Paper Company regarding its 401(k) fee class action in Pat Beesley, et al., v. International Paper Company, et al., […]

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Employee Protections Regarding Socially Responsible Retirement Plans

Increasingly, 401(k) and 403(b) plans have added socially responsible or environmentally green funds to lineups, as these funds have been increasingly willing to pay kickbacks — called revenue sharing — to plan recordkeepers. To the Department of Labor, these funds are part of a broad category of investments called “economically targeted investments”, which the DOL […]

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Ameriprise Under Pressure for 401(k) Plan Fees

Attorneys at Schlichter, Bogard & Denton are looking to talk to current and former employees of Ameriprise Financial. The firm has brought an action against Ameriprise in the U.S. District Court for the District of Minnesota alleging that excessive fees and imprudently selected investment options cost the Ameriprise 401(k) Plan millions of dollars in unnecessary […]

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