Ian Morrison Discusses Increase of 401(k) Settlements in 2023 in Investment News

Investment News quoted Ian Morrison in its article, “401(k) settlements went way up in 2023,” on January 11. Morrison discussed how the number of new class-action lawsuits involving 401(k) plans dropped last year, but settlements in that line of litigation reached a record high.

“Those filings are very cyclical…some of it has to do with capacity at the plaintiffs’ firms. They file new suits when they have the horsepower to deal with them.”

You can read the full article here.