Jerry Schlichter Quoted Regarding Litigation Risks Facing Multiple Employer Plans (MEPs)

Schlichter Bogard Co-Managing Partner Jerry Schlichter was quoted in a Law.com article discussing litigation risks associated with Multiple Employer Plans (MEPs), an increasingly utilized retirement plan structure for unrelated employers.

The article examines how the growing use of MEPs—often promoted as cost-efficient retirement solutions for smaller companies—has coincided with class action lawsuits alleging breaches of fiduciary duty. Jerry explains that financial mismanagement concerns in MEPs mirror those seen in other retirement plans, and that “attorneys should advise their employer clients to take their fiduciary duty very seriously” since it is “the highest duty out of the law.”

The article also highlights Schlichter Bogard’s role in pioneering ERISA litigation involving retirement plans and its continued focus on holding fiduciaries accountable in emerging plan structures like MEPs and Pooled Employer Plans (PEPs).

For more information about Schlichter Bogard’s retirement practice, please contact us at 800‑USE‑LAWS (873‑5297) or via email at contact@uselaws.com