This paper co-authored by Dr. Susan Mangiero, Dr. Israel Shaked, Mr. Brad Orelowitz, Attorney Jason Sheffield and Ms. Emilee Prebles looks at ERISA litigation statistics for cases filed between January 1, 2005 and August 31, 2008. All judicial opinions for these cases are tracked as part of...

American households increasingly rely on employer-sponsored defined contribution retirement plans to fund consumption in retirement. I show that an important factor that impacts these plans is litigation risk. Using a new database of over 35,000 plans covering more than $5 trillion in assets, I...