Ameriprise lawsuit - what it means for you.

[obgyn65]

Has anyone seen this ? Allegedly, Ameriprise took advantage of its own employees by making them invest their money in expensive 'in house' plans.

http://thechicagofinancialplanner.com/2013/02/13/the-ameriprise-401k-lawsuit

'The implications of this suit are pretty clear. If Ameriprise is found to be guilty of breaching its Fiduciary duty by stocking their 401(k) plan with sub-par, expensive proprietary funds this moves us further along the path of accountability by retirement plan sponsors for the retirement plans offered to their employees (...)'

 

[MichaelB]

This was discussed here http://www.early-retirement.org/for...-sue-over-companys-own-401-k-funds-58160.html

 

[obgyn65]

I had not seen this, thanks for mentioning the link. Please feel free to delete the thread.

This was discussed here http://www.early-retirement.org/forums/f28/ameriprise-workers-sue-over-companys-own-401-k-funds-58160.html

 

[LOL!]

Is Edward Jones next?