Jerry Schlichter, the St. Louis attorney whose greatest legacy may be the crafting of the historic preservation tax credit legislation more than fifteen years ago, was featured in the New York Times. He’s spearheading a lawsuit challenging the fees involved with 401k plans. See it here.
“His firm, Schlichter Bogard & Denton, has brought 14 similar lawsuits over the last seven years on behalf of 401(k) plan participants. Typically, the suits claim that the employees were paying too much in fees. Several employee benefit experts have said that Mr. Schlichter’s cases and others have resulted in lower charges as other employers began to fear attracting lawsuits of their own.”
Originally in June 24 MOScout.