Financial Times Recognizes Schlichter Bogard & Denton’s Pioneering Work on Behalf of Investors
The Financial Times recently acknowledged the work of Schlichter Bogard & Denton in “spearhead[ing]” groundbreaking 401(k) litigation on behalf of retirement plan investors. In addition to recognizing the firm’s leadership in the 401(k) excessive fee arena, the Financial Times quotes Schlichter Bogard & Denton Managing Partner Jerry Schlichter as follows: “So many plans have had excessive fees. The assets were in a dark closet with no transparency, and the employer had no real financial incentive to keep fees down.”
The article also takes note of the hundreds of millions of dollars in retirement savings that Schlichter Bogard & Denton’s lawsuits have recouped for investors who have been subject to excessive fees and other fiduciary abuses in their retirement plans. The complete article is available here (subscription required).