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Schwab employee 401(k) lawsuit taunts Chuck by using Vanguard as Exhibit A

The San Francisco giant is latest to get hit with legal scourge; Ameriprise and Fidelity already shelled out megabucks to settle claims that their retirement funds underperform and charge a lot to do it – but not Vanguard

Author Janice Kirkel March 8, 2017 at 6:34 PM
1 Comment
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Josh Itzoe: If I’m large plan sponsor but specifically financial services and if I haven’t been sued yet I’m holding my breath.

401(k) Stories


Stephen Winks

Stephen Winks

March 10, 2017 — 12:08 AM
The recent changes in class action protocol that make it very difficult for attorneys to profitably advance class action suits, effectively renders much of ERISA obsolete. The industry's brilliant defense against fiduciary liability wins again. SCW

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January 2, 2025 at 10:49 PM

RIA recap: Bernie Clark promises to 'be there' for coming TDA-Schwab system snafus; Fidelity gets custody win; Vanguard dishes out big tax bill to investors

Schwab RIA chief petitions for 'patience' for coming merger inconveniences but 'repapering' is no culprit; Carrie Pomerantz gets Schwab board seat; Addepar wins $65 billion AUM contract.

November 3, 2022 at 1:59 AM

Schwab's Rick Wurster is green with praise • SmartAsset called out for 'profanity' over Ass mascot • Morningstar Office closure will cost millions

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May 6, 2025 at 12:42 AM

Vanguard gets new CFO, Salim Ramji's second, strategic and handpicked selection • High rates but lower-balance money markets • SEC loses nearly 1-in-5 staff -- largely from its legal nerve center

Vanguard CEO puts John Bendl in strategic role • Money markets fall off record highs • Capital Group joins private credit goldrush • John Thiel signs on with DPL • RIA poaches top AssetMark exec, names him president.

April 29, 2025 at 2:51 AM

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Mentioned in this article:

Pension Resource Institute, LLC
Compliance Expert
Top Executive: Jason C. Roberts

401khelpcenter.com
RIA Publication
Top Executive: Rick Meigs

Fiduciary Law Center
Legal Services for RIAs
Top Executive: Jason C. Roberts



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