T · News · 20260805N

Litigation and Legal Risk

AT&T INC. · 2026-08-05 · Importance 31 · Surprise 42

A federal judge narrowed an earlier ruling against AT&T's 401(k) plan concerning brokerage-window fees. The court found that a June 2012 disclosure was timely and that compensation disclosed through fee ranges could satisfy Department of Labor regulations. Factual disputes over the reasonableness of compensation connected with the Financial Engines arrangement will proceed to trial. The revised ruling reduces disclosure-related exposure but does not resolve the remaining compensation claims.

Key facts

• A federal judge concluded that a June 2012 disclosure was timely and that disclosing compensation through fee ranges can satisfy Department of Labor regulations, while factual disputes about the reasonableness of compensation related to the Financial Engines arrangement will proceed to trial. source