How does a erisa fiduciary breach claim work?
An ERISA fiduciary breach occurs when a person with discretionary authority over a retirement plan fails to act with the loyalty, prudence, or diversification required by ERISA § 404, causing measurable losses to plan participants. A typical investigation reviews the plan's Form 5500 filings, fee disclosures, and the investment lineup over a multi-year window to identify deviations from prudent process.
What evidence matters?
Documentary evidence usually drives the case: meeting minutes of the plan committee, fee benchmarking studies, share-class analyses, and contemporaneous communications with recordkeepers and consultants. Participant testimony is rarely required outside of named-plaintiff depositions.
How long do I have to act?
ERISA limitations periods vary by claim — generally six years from the breach or three years from actual knowledge, with possible extensions for concealment. Waiting risks losing the claim entirely.
Frequently asked questions
Eligibility depends on your role in the plan, the conduct alleged, and the time period involved. A free review is the fastest way to find out.
Was your 401K plan named in a lawsuit?
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