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Litigation is top fear of majority of 401(k) sponsors

More than half of 401(k) plan sponsors are concerned about potential litigation, says a Cerulli Associates survey. But that's not all.

By Marlene Y. Satter | Updated on December 06, 2016
Cerulli's survey sought to learn how lawsuits are affecting 401(k) plan sponsor decisionmaking. (Photo: AP)

Sponsors of 401(k) plans are rightfully concerned about the potential for being sued.

That’s according to a Cerulli Associates survey of 401(k) plan sponsors this year that sought to find out how the unprecedented numbers of lawsuits brought against plan sponsors and their providers in 2016. The survey sought to learn how these lawsuits are impacting 401(k) plan sponsor psyche and potentially driving decisionmaking.

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