401(k) Plan PDF Print E-mail
June 09, 2007

Are you a current or former employee of a Fortune 1000 company who contributed to an employer sponsored 401(k) plan? If so, your company may have cost you retirement savings by allowing plan administrators to overcharge you for account management fees. Finkelstein Thompson LLP is conducting a national investigating of 401(k) administrator fees and will seek to recoup damages where overcharges may have occurred.

Current employees who contribute to their company’s 401(k) plan and former workers who maintain a 401(k) with their previous employers may be affected by excessive administrator fees.  

Finkelstein Thompson is also investigating claims that some companies which manage their own 401(k) plans may be charging fees for those plans in excess of the fees permitted by law.  Some such plans charge multiple fees from each employee, instead of charging a fee just once.  Other companies' plans may conceal the fees paid by employees by using a "master trust," or state they use "revenue sharing," but fail to apply the benefits derived back into employees' accounts.

If you are a participant or former participant of a Fortune 1000 company’s 401(k) who feels that you may have been subjected to unfair or excessive fees in your retirement plan or were not informed of what fees you have paid into the plan, and wish to discuss your rights and interests in this matter or have information relevant to the investigation, please contact Halley F. Ascher at Finkelstein Thompson LLP's Washington, DC office toll-free at (877) 337-1050, or by email at This email address is being protected from spam bots, you need Javascript enabled to view it .