Fred Reish Comments on ERISA Litigation in Wealth Management

Benefits and executive compensation partner Fred Reish commented on the growing number of ERISA lawsuits against defined contribution plans in Wealth Management.

In the article, Reish noted that litigation has led to a drop in investment costs and total plan fees, though this cannot be traced to a single cause. In addition, he said that plans are less willing to consider new services and investments like guaranteed income.