Biogen 401(k) Retirement Plan Breach of Fiduciary Duties Complaint

August 31, 2020

When companies establish 401(k) plans for their employees, the plans are governed under the Employee Retirement Income Security Act of 1974 (ERISA). Those who handle the plan are fiduciaries for it and, as such, they owe certain duties to the participants and beneficiaries. However, the fiduciaries of Biogen, Inc.’s 401(k) Savings Plan—Biogen, Inc., the Biogen, Inc. 401(k) Savings Plan Committee, and its members—did not fulfill their duties, the complaint for this class action alleges.

Case Event File: Biogen 401(k) Retirement Plan Breach of Fiduciary Duties Complaint

Related to: Biogen 401(k) Retirement Plan Breach of Fiduciary Duties Class Action