"In particular, the efforts and work of a single law firm in Saint Louis (Schlichter Bogard) who pioneered 401(k) excessive fee litigation beginning in 2006 has had an incredible impact on the industry, bringing awareness to fees and the importance of fiduciary responsibility in a major way."

“[N]o other law firm had been willing to devote the necessary resources to prosecute this type of action.”

"Companies now are so worried about suits alleging mismanagement of these retirement plans that 401(k) industry consultants coined a term for the threat: 'getting Schlichterized.'"

“Schlichter Bogard . . . pioneered the breed of cases that challenge US companies over the conflicts of interest and oversize fees that have plagued employee retirement plans. And, according to more than a decade of legal filings analyzed by FT Ignites and the Financial Times, [the] firm has scored by far the most and the largest settlements on behalf of employees[.]”

“Without the unique and unparalleled foresight for this novel area of litigation by Schlichter Bogard, the class would not have obtained any recovery[.]”

“The good news for all 401(k) holders is that Mr. Schlichter’s cases are gaining traction in the courts.”

“District courts across the country have universally recognized the well-earned reputation and ability of Schlichter Bogard.”

“The Court is convinced that the successful recovery for the class in this case was only obtained as a result of Schlichter Bogard’s record of success and risking substantial sums of money and investing thousands of hours of attorney time . . . [.] Schlichter Bogard exhibited unparalleled expertise and perseverance. In this case, Class Counsel admirably served as private attorneys general[.]”

"Few law firms have the necessary expertise and are willing to take the risk and devote the substantial resources necessary, all at the risk of nonpayment[...]."

“[T]he factual and legal issues in this case were novel and difficult. The outcome of the case was uncertain, sharply contested, often protracted, and required willingness by Class Counsel to risk unusual resources in time and money.”

“The Court is unaware of any comparable achievement of public good by a private lawyer in the face of such obstacles and enormous demand of resources and finances.”

"[P]ioneered retirement excessive-fee litigation."

“Schlichter Bogard's work throughout this litigation illustrates an exceptional example of a private attorney general risking large sums of money and investing many thousands of hours for the benefit of employees and retirees. . . . Litigating the case required Class Counsel to be of the highest caliber[.]”

“Schlichter Bogard has achieved unparalleled results on behalf of its clients.”

"St. Louis-based firm [Schlichter Bogard] pioneered 401(k) fee litigation."