The attorneys of Edgar Law Firm LLC have represented employee plan participants, plan beneficiaries, and benefit plan fiduciaries, including plan trustees, in a wide variety of employee benefits disputes. Our firm has extensive experience in this type of ERISA class action litigation.
The Employee Retirement Income Security Act of 1974 (ERISA) protects participants in employee pension plans, and other benefit plans offered by employers. These plans would include various types of retirement plans, including pension plans, 401k plans and employee stock plans, and many medical, disability, and other benefit programs. ERISA provides that plan participants and beneficiaries may seek redress for breaches of fiduciary responsibility, denial of benefits, or failure to provide adequate disclosures of plan terms or benefit changes.
Employers who sponsor various retirement and benefit plans, and any other entities that exercise control and discretion over plan assets, are known as plan "fiduciaries." These fidiuciaries are required under ERISA to act prudently, loyally, and with the highest regard for the interests of the employees who participate in the plans. The fiduciaries must carry such loyalty and prudent acts when it comes to selecting investment options and investing plan assets. When fiduciaries breach their duties, whether by investing plan assets imprudently, charging excessive fees, or engaging in self-serving transactions, plan participants can seek to hold them accountable for losses and damages the plan suffers as a result of such acts.
The firm's lawyers are committed to obtaining compensation for clients in ERISA litigation, and clients are not charged by the firm until they receive a financial recovery.
If you believe that you or your retirement plan has been harmed by any of these types of practices, please contact the firm to schedule a free initial consultation about your case.