Bloomberg quotes Jeff Hahn on litigation regarding alternative investments in 401(k)s

Stris & Maher attorney Jeff Hahn was featured in a recent Bloomberg article examining the Trump administration’s effort to quash litigation challenging alternative investments in 401(k)s.

According to the article, titled “Plaintiff’s Bar Pledges To Challenge Private Equity in 401(k)s,” members of the plaintiffs’ bar believe the Employee Retirement Income Security Act of 1974 (ERISA), which guarantees participants and beneficiaries a private right of action, will preempt federal agency guidance—even an ERISA safe harbor Trump hinted at in his recent 401(k) alternative investment executive order.

Trump’s order sought to address the administrative barriers to alternative 401(k)s and hinted at blocking litigation, but that’s a tall order, said Jeff Hahn, a civil litigation partner at Stris & Maher LLP and former DOL attorney. “There inevitably will be litigation around whether the safe harbor applies or is satisfied under the facts of a given case,” Hahn said.

To read the full Bloomberg article, click here.