Zamansky LLC Investigates 401(k) Plans and Other Insurance Products over Alleged Excessive Fees

Zamansky LLC investigates 401(k) plans and other insurance products for alleged excessive and/or hidden fees not readily discernible to investors. The investigation concerns company 401(k) plans, variable annuities and other insurance products relied upon for retirement savings by investors.

Zamansky LLC investigates 401(k) plans and other insurance products for alleged excessive and/or hidden fees not readily discernible to investors. The investigation concerns company 401(k) plans, variable annuities and other insurance products relied upon for retirement savings by investors.

On July 24, 2013, in “Letters About 401(k) Plan Costs Stir Tempest,” Wall Street Journal reporter Kelly Greene reported that a Yale Law School professor, Ian Ayes, had sent approximately 6,000 letters to companies warning them that their 401(k) plan was a “potentially high cost plan.” The article reports that Professor Ayes had analyzed public information available on 401(k) plans for 2009, and was preparing to publicly release his findings about the impact on the plans he reviewed of the administrative fees and costs.

According to investment fraud lawyer Jacob Zamansky, the fees paid by investors through administrative fees and costs in their 401(k) plans and insurance products used for retirement savings can have a big impact on performance. Investors should have disclosed of all fees in a manner that is clear and discernible, Zamansky states. No investor should sacrifice hard-earned retirement savings to excessive or hidden fees, and such fees may violate standards under the Employee Retirement Income Security Act of 1974 (ERISA), he contends.

What Investors Can Do

If you are an investors who is concerned about the fees associated with your 401(k) plan, insurance policy or annuity, and would like your situation reviewed or to discuss your legal rights, you may, without obligation or cost to you, email jake@zamansky.com or call the law firm at (212) 742-1414.

About Zamansky LLC

Zamansky LLC is one of the leading securities fraud law firms specializing in securities class actions and securities arbitration, and ERISA class action litigation. We are stock fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.

To learn more about Zamansky LLC, please visit our website, https://www.zamansky.com.

Contacts
Zamansky LLC
50 Broadway – 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414