It's been a little while since we have had an episode to discuss what is going on in the world of 401(k) litigation. To dive into that, I am happy to welcome back Carl Engstrom, plaintiff’s attorney with Nichols Kaster to the podcast. As usual, Carl brings a very thoughtful and informed view on what is going on with 401(k) litigation, his thoughts on why some cases move towards settlement and others are dismissed, and the inevitable question of where things go from here. Buckle up, this episode moves fast and covers a lot of ground. I hope you enjoy!
Guest Bio
Carl is the subject matter expert and origination specialist on Nichols Kaster’s ERISA Litigation Team. As a founding member of the ERISA litigation group, Mr. Engstrom has worked in some capacity on every case brought by the group since its inception in 2015. In that time, the ERISA litigation group has negotiated settlements totaling over $150 million on behalf of retirement plan participants shortchanged by excessive fees and imprudent retirement plan investments. Before joining Nichols Kaster, Mr. Engstrom clerked for judges at both the Minnesota Court of Appeals and Hennepin County District Court. Prior to entering the legal profession, Mr. Engstrom spent six years working as a financial advisor, providing retirement and investment advice to hundreds of clients, and earning the Certified Financial Planner™ designation.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
Things are moving fast in the financial markets and economy. In turbulent times, the decisions you do or don’t make have a big impact on the future success of your retirement plan. To help digest some macro events and share a few 401(k) panic buttons to avoid, I am happy to welcome Jamie Battmer, Chief Investment Officer for Lockton Retirement Services to the podcast. I won’t steal Jamies thunder, but let’s just say I learned a lot of hope you get as much out of it as I did.
Guest Bio
Jamie leads the investment research team that recommends portfolios to Lockton clients. His other duties include consulting, speaking, and writing on market and economic trends, providing fiduciary documentation on investment decision-making,
and developing new asset-management tools and capabilities, such as model portfolios or custom-asset allocation glide-paths.
Jamie has more than 20 years of experience analyzing individual securities, constructing portfolios, and providing economic and market commentary.
401(k) Fridays Podcast Overview
Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!