Your 403(b) or 401(k) is likely the single largest asset you will rely on in retirement. But under the law, the people who run your plan — your employer and the committees it appoints — owe you a strict duty to manage that money prudently and in your interest alone. When they don’t, every unnecessary fee and every underperforming fund comes straight out of your future.
Edelson Lechtzin LLP has filed a class action to address that exact problem. On October 27, 2026, the firm sued the fiduciaries of the Inspira Health Network 403(b) Savings Plan — Inspira Medical Centers, Inc., its Board of Trustees, and its Administrative Committee — in the U.S. District Court for the District of New Jersey. Law360 ranked the case among the top trending benefits stories in the country.
The Complaint alleges that the fiduciaries of this half-billion-dollar plan put the hospital system’s interests ahead of its workers’ retirement security. The claims include: imprudently retaining a Lincoln stable value product that exposed participants to credit risk while generating undisclosed “spread” income; keeping underperforming, higher-cost actively managed funds; failing to control excessive recordkeeping fees; using forfeited plan assets to reduce the employer’s own contributions instead of lowering participants’ costs; and underfunding the plan tied to alleged wage payment violations.
Why should participants in other plans care? Because the Department of Labor estimates that a single percentage point in added fees can shrink a worker’s ending balance by 28% over a 35-year career. These problems aren’t unique to one employer—they are common, and often invisible until someone looks.
If you participate in a 403(b) or 401(k) plan, you have the right to know whether your retirement savings are being managed prudently. Edelson Lechtzin LLP is investigating retirement plans nationwide for imprudent investments and excessive administrative fees. Contact us for a free, confidential review of your plan. The sooner we look, the sooner we can help protect what you have earned.