BlackRock is the Latest Financial Services Firm Accused of Fiduciary Breaches in Management of its 401(k) Plan

A number of financial services companies have been the targets of lawsuits over alleged fiduciary breaches in their own 401(k) plans where the plan offers only the sponsor’s proprietary investment products. This is a longstanding and common industry practice. Such suits are now pending against over a dozen firms. The latest suit is against BlackRock, … Continue reading BlackRock is the Latest Financial Services Firm Accused of Fiduciary Breaches in Management of its 401(k) Plan