Sanford Heisler Sharp LLP is evaluating whether Allstate mismanaged its 401(k) plan.
Our research indicates that year after year Allstate retained too many poorly performing investment options that were detrimental to the plan. In particular, we believe Allstate’s decisions to retain certain target retirement date funds cost employees millions of dollars in retirement savings. Large numbers of Allstate employees held interests in the target retirement date funds, which represent over half billion dollars of the Plan’s assets.
We would like to hear from any person who worked at Allstate and participated in the company’s 401(k).
If you were a participant in the Allstate 401(k) Plan and owned a target retirement date fund, please contact Sanford Heisler Sharp, 655 West Broadway, Suite 1700, San Diego, CA 92101 or call our San Diego Office at (619) 577-4253.