Big enough, they’ll be a target

Ary Rosenbaum
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Whether it’s a single employer plan, a multiple employer plan (MEP), a pooled employer plan (PEP), or a plan provider, they can always be a target for ERISA litigation.

What makes a target? Size. ERISA litigators need to eat and a small, $400k 401(k) plan isn’t a big enough target to feed them. That’s why we’re finally seeing MEPs being sued because they’re flush with assets. PEPs will eventually be a target, it’s just going to take hundreds of millions of dollars to become a sufficient target.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

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