Jerry Schlichter Interviewed Regarding How Retirement Plans Have Changed as the Result of Schlichter Bogard & Denton’s Work
“St. Louis’ Schlichter explains how retirement plans have changed since he challenged them.” “No one has had a bigger impact on retirement plans nationally than Jerry Schlichter and his St. Louis law firm of Schlichter Bogard & Denton,” the article notes.
To date, Schlichter Bogard & Denton has won more than $350 million for employees, “and the benefits going forward dwarf that because we have insisted on changes that will benefit employees for decades,” said Schlichter. The most surprising thing, he said, was that before Schlichter Bogard & Denton became involved, “there was no enforcement of the law — by regulators or private legal action — for 30 years.”
The article also quotes a U.S. District Judge who wrote that the firm’s “actions have led to dramatic changes in the 401(k) industry, which have benefited employees and retirees throughout the country[.]”
The full story can be found here (subscription required). For additional information about Schlichter Bogard & Denton’s ERISA and Financial Abuse practice, please contact Schlichter Bogard & Denton at 1-800-873-5297 or firstname.lastname@example.org.