What Makes A 401(k) Plan Sponsor A “Mark” For Litigation

Ary Rosenbaum - The Rosenbaum Law Firm P.C.
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I always say that no matter what you do, you don’t want to be a “mark.” A mark is the intended target of s scam or con game. In the world of professional wrestling, a “mark” is a fan who believes what they’re seeing is actually real. While I’m not trying to say that 401(k) litigation is any type of scam or illegitimate competition, I do believe that certain 401(k) plan sponsors can be “marks” or targets for litigation because they’re showing something glaring that shows that they are not exercising their fiduciary duty in a prudent manner So you avoid being a “mark” or target for 401(k) litigation, the plan sponsor should avoid the following cites in this article.

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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.

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