Rise in class action litigation
Electronic investigation techniques make it easier to locate beneficiaries in pension disputes
Pension plan administrators can adopt cost-effective electronic investigation techniques to locate beneficiaries in pension disputes.
The vast majority of pension plan sponsors and administrators – and the lawyers representing them – would agree that pension litigation continues to be a significant part of the class action landscape.
As pension plan windups are considered, plan sponsors and administrators are likely to encounter circumstances where pension beneficiaries cannot be located. To mitigate this challenge, pension plan administrators can consult an experienced and independent class action administrator who can effectively coordinate national outreach efforts to identify unlocatable beneficiaries.
Learn more about how third-party administrators can adopt cost-effective electronic investigation techniques to achieve greater integrity of the distribution process, and reduce the burden on plan administrators.