The Prudential Insurance Company of America
Levi & Korsinsky LLP is investigating possible illegal conduct related to the Prudential Employee Savings Plan (the “Plan”). The investigation concerns possible violations of the Employee Retirement Income Security Act of 1974 (“ERISA”).
In particular, the investigation concerns whether the fiduciaries of the Plan violated ERISA by overpopulating the Plan with proprietary mutual funds offered by Prudential and its affiliates, failing to monitor the performance of those funds, and failing to adequately disclose the amount of recordkeeping fees received by Prudential, resulting in the payment of grossly excessive fees to Prudential and significant losses to the Plan and its participants.
If you have or had an individual account with the Prudential Employee Savings Plan as an employee or former employee, you may have legal claims under ERISA.
You can view a copy of the complaint against The Prudential Insurance Company of America for ERISA violations below:
To get more information regarding the investigation of The Prudential Insurance Company of America, without cost or obligation, please call us at 415-373-1671 or complete our contact form.
The submission of this form does not create an attorney-client relationship automatically. Any information you submit will be maintained as confidential. If Levi & Korsinsky LLP, in its sole discretion, believes that you might have a claim, Levi & Korsinsky LLP will contact you to discuss the matter and whether to establish an attorney client relationship.