The PNC Financial Services Group, Inc. (PNC) released a new video with insights into class action claims that target fiduciary fund managers. PNC says retirement savings plan fiduciaries risk class action exposure from litigation investors seeking awards for pension fund mismanagement. 

PNC says fiduciaries who charge portfolio management fees should diligently file member disclosures. PNC warns that litigation investors may look to challenge decisions made by plan administrators. Plan management expense ratios are a barometer of fund quality and overall fiduciary work product. PNC says that third party investors may look at litigation, if fund managers profit from compliance loopholes at the detriment of pensioner returns. 

Click here to watch PNC’s insights on 401(k) class litigation.