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It time to stop your 401k, IRA and Pension from Losing Money

Discover How Wall Street Is Trying to Ripoff Your Retirement

Learn How to Protect Your Retirement Savings in Turbulent Times

Amidst Wall Street's Failures & Greed




For further evidence of their exploitative actions

driven by greed, please scroll to watch more videos



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Jerome Powell

Chair of the Federal Reserve of the United States





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Wall Street Set to Fight 401(k) Advice Rule in Public Hearings: This Bloomberg
Law article discusses the recent public hearings on the proposed DOL fiduciary
rule aimed at protecting retirement savers from conflicts of interest. It
highlights Wall Street's opposition to the rule, arguing it may limit access to
affordable advice for lower-income investors. (Source: Bloomberg Law News)




401(k) Advocates Gear Up to Fight Wall Street on Fiduciary Rule: This article
from Bloomberg Law News emphasizes the efforts of consumer advocate groups to
push for stricter fiduciary standards, despite the setbacks faced with previous
rulings. It raises concerns about the potential for financial giants to exploit
loopholes in weaker regulations. (Source: Bloomberg Law News)




Fiduciary Rule Fallout: Is Retirement Advice Worthless?: This Wall Street
Journal piece explores the potential consequences of stricter fiduciary
guidance, suggesting it might lead to higher costs for financial advice or
reduced access for certain individuals. It highlights the need for a balanced
approach that protects investors without hindering their options. (Source: The
Wall Street Journal)




Fiduciary Guidance: A Boon or Bane for Retirement Savers?: This Forbes article
presents an objective analysis of the potential benefits and drawbacks of the
proposed regulations. It highlights the potential for enhanced investor
protection but also recognizes potential unintended consequences on the
financial advice landscape. (Source: Forbes)




* **Fidelity Settles for $28.5 Million, Process Changes**

Plan Accused of Breaching Fiduciary Duty With High-Cost Recordkeeping Fees

This article details a 2018 lawsuit against Fidelity for charging excessive
recordkeeping fees in its own 401(k) plan. The lawsuit alleged that Fidelity
could have obtained similar services for much less from other providers.
Fidelity settled for $28.5 million and agreed to make changes to its
recordkeeping practices.




* **Tyson Foods Targeted in 401(k) Excessive Fee Suit**

Tyson Foods was sued in 2014 for allegedly charging excessive fees for its
401(k) plan. The lawsuit claimed that Tyson could have saved millions by using a
different investment provider. The case is ongoing.




* **LinkedIn Settles 401(k) Excessive Fee Complaint for $6.75 Million**

LinkedIn settled a lawsuit in 2019 for charging excessive fees in its 401(k)
plan. The lawsuit alleged that LinkedIn could have saved millions by using a
different investment provider and offering a wider range of investment options.




* **Whole Foods Targeted with Excessive Fee Suit**

Whole Foods was sued in 2020 for allegedly charging excessive fees for its
401(k) plan. The lawsuit claimed that Whole Foods could have saved millions by
using a different recordkeeper. The case is ongoing.




* **401(k) Fees: What You Don't Know Could Hurt You**

This article from Forbes discusses the importance of understanding the fees
associated with your 401(k) plan. It provides tips for how to compare fees and
find a plan with lower costs.




**Ex-Employees Sue Whole Foods Over $1.9B Plan's Recordkeeping Fees:** This 2023
lawsuit alleges Whole Foods overpaid Fidelity for recordkeeping services in its
401(k) plan, despite Fidelity's own admission of reasonable rates for similar
plans. The suit seeks millions in damages for plan participants. (Source:
Bloomberg Law News)




**Southeastern Grocers Sued Over 401(k) Plan Fees:**

This 2023 lawsuit against Southeastern Grocers accuses the company of
mismanaging its 401(k) plan by allowing Fidelity to receive "grossly excessive"
compensation without proper oversight. The suit seeks class-action status and
potentially significant financial reparations. (Source: Pensions & Investments)




**Fidelity 401(k) Targeted in Alleged Hidden Fees Suit:**

This 2022 lawsuit focuses on claims that Fidelity's retirement account
statements were misleading, obscuring certain fees charged to participants. The
suit suggests participants were unaware of the full cost of their investments
within the Fidelity 401(k) plan. (Source: Investment News)




**JPMorgan Settles 401(k) Fee Suit for $33M:**

Though not directly involving Fidelity, this 2020 case against JPMorgan provides
another example of similar lawsuits targeting alleged excessive fees in major
company 401(k) plans. The settlement highlights the increasing scrutiny on these
plans and the potential legal consequences for employers. (Source: Reuters)




**Teachers Sue TIAA Over Mutual Fund Fees in 401(k) Plans:** This 2019 lawsuit
against TIAA-CREF accuses the company of charging excessive fees for certain
mutual funds within its 401(k) plans for educators. The case demonstrates the
broader concern about high fees within retirement plans impacting various
sectors and employee groups. (Source: The Wall Street Journal)




**Do Your 401(k) Fees Pass the "Fiduciary Duty" Test?:**

This 2023 article from Forbes offers legal and financial insights into
understanding your 401(k) fees and evaluating whether they comply with your
employer's fiduciary duty for responsible plan management. It provides valuable
tools for navigating potential fee concerns. (Source: Forbes)




**Excessive 401(k) Fees: A Growing Trend & What You Can Do:** This 2022 blog
post from a law firm specializing in employee benefits litigation raises
awareness about the rise of 401(k) fee-related lawsuits and offers practical
steps for employees to monitor their plan fees and potentially seek legal
recourse if necessary. (Source: The Philipson Law Firm)




**How to Know if Your 401(k) Fees Are Draining Your Retirement:** This 2023
article from Consumer Reports provides a simplified guide for understanding
different types of 401(k) fees and assessing their impact on your retirement
savings. It empowers readers to take control of their plan and identify
potentially problematic fee structures. (Source: Consumer Reports)




**The Hidden Costs of Your 401(k): What You Don't Know Could Hurt You:** This
2020 piece from CNBC delves deeper into the complexities of 401(k) fees,
showcasing common fee types and providing resources for calculating their
overall impact on your retirement investments. It emphasizes the importance of
informed decision-making regarding your 401(k) plan. (Source: CNBC)




**ERISA Litigation Trends 2023: Fee Disputes Driving Class Action Lawsuits:**
This 2023 industry report from a leading legal publisher highlights the
increasing prevalence of ERISA-related class action lawsuits, with a specific
focus on fee challenges within 401(k) plans. It provides valuable insights into
the legal landscape surrounding these lawsuits and potential trends for the
future. (Source: LexisNexis)



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