401(k) Plans

Bailey & Glasser has a long history of representing employees and retirees harmed by hidden or excessive fees, or imprudent investments, in their 401(k) plans. Our experienced team understand the various ways financial-services companies can profit off of workers’ hard-earned retirement savings. We have successfully recovered over $100 million on behalf of our clients, as well as providing meaningful improvements to retirement plans across the country.

401 (k) Current Cases

Neuberger Berman — This case, brought on behalf of current and former employees of Neuberger Berman, concerns Neuberger’s decision to continue to offer the NB Value Equity Fund, despite poor performance and high fees. That Fund is managed by a large shareholder in Neuberger.

Edward Jones — Edward Jones employees’ 401(k) Plan offers mutual funds of its corporate preferred partners. Bailey & Glasser is representing these employees in their case, alleging that the plan fiduciaries are keeping excessively expensive and poor performing mutual funds in the Plan in order to benefit these corporate partnerships.

Franklin Templeton — Bailey & Glasser represents employees and retirees of Franklin Templeton in a case concerning the use of high-cost proprietary investment options in the company’s 401(k) plan.

Intel — This case concerns Intel’s decision to place large investments in expensive and underperforming hedge funds and private equity funds as part of several of the investment options offered to its employees in their 401(k) Plan.

TIAA – Bailey & Glasser represents current and former employees of TIAA-CREF, who allege that their 401(k) Plan is comprised of solely proprietary funds and annuity products and that the administrative fees charged by TIAA to the employees’ retirement savings is excessive and unreasonable.

 

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