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NYU employees, represented by Jerry Schlichter, claimed fund managers failed their fiduciary duties, but the judge disagreed.

Jerry Schlichter has won more than $330 million in settlements for 401(k) participants litigating complex ERISA cases against some of the countrys most powerful corporations. But a change may be coming to the world of ERISA claims.

A lawsuit against the University of Pennsylvania over the use of multiple recordkeepers in its 403(b) plan was dismissed by a federal judge, who said the "duty to offer choice is more pronounced in plans as large as Penns."

Looking at the 401(k) excessive fees case Tibble v. Edison, which went to the Supreme Court, who really benefits from the tens of millions in damages and settlements sponsors and providers have paid?

Dont let the DOL or class-action attorneys harass you -- but don't get complacent about your role as fiduciary either.

Under the fiduciary rules private right of action provision, IRA investors can bring class action claims if the Best Interest Contract Exemption which includes a warranty guaranteeing a fiduciary standard of care for advice on IRA investments -- is breached.

Smart 403(b) plan sponsors will realize that the ongoing vetting of fees and services through a vendor selection process should not be determined by what happens in Washington or in the courts.

For litigants in Tibble v. Edison, the landmark 401(k) excessive fee lawsuit famous for making it to the Supreme Court, the end may be in sight.