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In the last year, Lockheed Martin, AT&T, Alcoa and GE have been sued by employees in class action lawsuits over the PRT deals made with Athene, alleging the firm "breached their fiduciary duty," says law firm Schlichter Bogard.

Companies need to fully understand what the plan fees are so they can be "fully transparent" with their workers, said law firm Schlichter Bogard, which is representing plaintiffs suing TIAA for steering them into high-fee investments.

"A short, narrow opinion that offers very little in the way of clear cut guidance for 401k plan fiduciaries," one analysis put it.

The most expensive 401(k) and other retirement plan settlements included millions paid for this landmark excessive fee case.

Will scandals lead to change?

Lead attorney for plaintiffs in the MIT plan also warned about the practice of cross-selling and stressed importance of RFP process.

Eat your heart out Jerry Schlichter -- new boutique plaintiffs’ firms entering the ring.

Settlement agreement in case of Tussey v. ABB Inc. comes after more than 12 years of litigation and 2 appeals.