Edelson Lechtzin LLP is investigating whether fiduciaries of the WorleyParsons Group 401(k) Plan have violated the Employee Retirement Income Security Act of 1974 ("ERISA") by imprudently including unreasonably expensive and underperforming funds among the Plan's investment options. As shown below, even a small fee can have a large impact on your retirement savings.
Please contact us if you have suffered losses in your 401(k) account and would like to discuss your rights. Call us at 215-867-2399 or click here to submit your info .
A study by the Government Accountability Office found that "even a seemingly small fee can have a large negative effect on savings in the long run. As shown [in the chart to the below], an additional 1 percent annual charge for fees would significantly reduce an account balance at retirement." Click here to view PDF from the U.S. Government Accountability Office (see page 10).
