Rolling Stone Credits Schlichter Bogard & Denton with “Pioneering” the Battle Against Excessive Fees in Retirement Plans
In an article concerning the potential use of risky private equity investments in retirement plans, Rolling Stone this week credited Schlichter Bogard & Denton with “pioneering” litigation concerning retirement plan excessive fees.
The article noted that many investor advocates disagree with a Department of Labor proposal to allow risky investments into 401(k) plans. Rolling Stone asked Senior Partner Jerry Schlichter to weigh in, crediting Schlichter Bogard & Denton with pioneering retirement excessive-fees litigation. “The use of private equity in retirement plans is fraught with peril,” said Schlichter. “It was a vehicle that was created for wealthy, sophisticated investors, not for average people.”
The article also took note of allegations in Schlichter Bogard & Denton’s lawsuit on behalf of participants in Massachusetts Institute of Technology retirement plan.
Read about several other high-impact cases handled by Schlichter Bogard & Denton here.