Fortune 1000 Companies 401(k) Plan Excessive Fees

A firm is investigating Fortune 1000 companies that, we believe, have breached their fiduciary duties and engaged in prohibited transactions by allowing excessive administration and management fees and expenses in connection with the administration of their 401(k) plans.

Persons adversely impacted by this practices include current employees who are plan participants and former employees who have maintained their retirement plan with the company (as opposed to electing to transfer their retirement assets to an IRA or their new company's 401(k)).

The following is a list of about 75 companies that have allegedly breached their fiduciary duties. Please let us know if you know anyone who works or used to work for any of these companies and who participates in the company's 401(k) plan.

Fortune 1000 Articles

U.S. Government Investigates Fortune-1000 401(k) Fees
The U.S. Labor Department has announced that it is investigating so-called "hidden" fees and expenses assessed on many Fortune-1000 companies' 401(k) plans. The Labor Department's Employee Benefits Security Administration seeks to improve the disclosure of these charges.

The "Dark Side" of Fortune 1000 Companies' 401(k) Fees
An investigative report by Kiplinger's magazine has shed light on "the dark side of 401(k) fees" by some Fortune 1000 companies.

The 401(k) Krunch: Excessive Fees Cost You a Fortune
The reason why Fortune 1000 companies became Fortune 1000 companies, has a lot to do with the creative management of money and assets. However, when it comes to your 401(k) plan, a lack of diligence could be costing you money you can ill afford to lose.

Fortune 1000 Companies 401(k) Legal Help

If you or a loved one participated in one of the Fortune 1000 company's 401(k) plan, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation.
Last updated on Jun-15-07