FYI: Such a question may seem out of place. After all, the Employee Retirement Income Security Act of 1974, known as Erisa, requires overseers of 401(k) plans and other benefit programs to ensure they are run safely, soundly and in participants’ best interests.
But class-action lawsuits against retirement plan sponsors in recent years have generated significant payouts, and legal experts say some employers are responding by modifying the terms of their plans. The goal? To help shield them from litigation
Regards,
Ted
http://www.nytimes.com/2016/06/05/business/when-your-401-k-is-better-for-your-employer.html?ref=your-money&_r=0
