Northern Trust 401k Lawsuit | Employees’ Thrift-Incentive Plan
Peiffer Wolf Carr Kane & Conway is investigating Northern Trust’s employee 401k accounts / Thrift-Incentive Plan / Northern Trust Focus Target Retirement Trusts. Our initial investigation has uncovered that Northern Trust may have made overly risky investment choices and failed to regularly monitor its employee’s 401k plan, causing employees to lose money in their retirement funds and suffer decreased employee benefits.
Current or Former Northern Trust employee with a 401k?
If you are currently enrolled in Northern Trust’s 401k plan or have been enrolled in the employee 401k plan since 2015, please contact the ERISA Attorneys at Peiffer Wolf Carr Kane & Conway for a FREE consultation by filling out a Contact Form or by calling 504-523-2434.
Northern Trust 401k Lawsuit | Employment Retirement Income Security Act of 1974 (ERISA)
ERISA governs various types of retirement plans including 401k plans. Under ERISA, 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.
ERISA requires employers who sponsor retirement plans to act prudently, loyally, and with the highest regard for the interests of the employees who participate in the plans when it comes to selecting investment options and investing plan assets. When employers breach their duties by investing plan assets imprudently, plan participants can seek to hold them accountable for losses the plan suffers as a result.
Northern Trust may have breached its fiduciary duties by making unsuitable investments with employees’ 401k portfolios, potentially costing participants in its 401k plan thousands of dollars in lost retirement savings. Peiffer Wolf Carr Kane & Conway has extensive experience representing plan participants and beneficiaries in claims where ERISA fiduciaries imprudently invested plan assets causing losses to the plan participants.
FREE CONSULTATION | Northern Trust 401(k) Lawsuit
If you are currently enrolled in Northern Trust’s 401k plan or have been enrolled in the employee 401k plan since 2014, Contact Us Today. Peiffer Wolf Carr Kane & Conway has represented thousands of clients, and we remain committed to fighting on behalf of Northern Trust’s 401k plan participants.
Contact Us by calling 504-523-2434 or by filling out an online Contact Form for a FREE Consultation. Concerns about possible misconduct and mismanagement are serious, and we are committed to fighting on your behalf.
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