IBEW Local 827 Union Employee Class Action Regarding the IBEW Local 827 401(k) Plan

What is the class action claim?

The Board of Trustees allegedly breached its fiduciary duties to IBEW Local 827 union employees who participated in the IBEW Local Unions Savings & Security Plan (IBEW Local 827 Plan) by allowing the Scarborough Alliance to charge excessive fees to union employees for investments (estimates of fees charged are $4 million per year vs average of $250,000 per year.)

Who can join this class action?

Any current or former participants in the IBEW Local Unions Savings & Security Plan (IBEW Local 827 Plan).

What if I signed a severance agreement with a release of claims?

Severance agreements generally cannot prevent you from being part of a class action or a being a class representative in this type of case. Please contact us if you have more questions on your specific severance agreement.

Is there any cost to me?

No. All plaintiff attorneys are litigating this case on a contingency fee basis.

How can I help and/or participate?

  1. We are interested in reviewing documents you can download from the Board of Trustees for the IBEW Local Unions Savings & Security Plan (IBEW Local 827 401(k) plan). website:
    • Summary Plan Description (SPD)
    • Annual Fee Disclosure
    • Statements – Please feel free to blackout any personal data

    Please email these to mk@mk-llc.com or fax to 212-389-6112.

  2. Refer other affected Board of Trustees for the IBEW Local Unions Savings & Security Plan (IBEW Local 827 401(k) plan). employees by sharing this page and or posting on social media (FB, LinkedIn).
  3. Join the case as a plaintiff Class Representative.

Read about Class Representative Duties and Financial Awards.

Please feel free to email mk@mk-llc.com or call 212-389-6111 with any additional questions.

Join This Case

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Online Retainer Instructions

  1. Please carefully read and check box "Part I -– Class Representative Duties"
  2. Please complete "Part II - Client Contact & Employment Information."
  3. Make sure all the required fields are filled out and as many of the optional fields as possible.
  4. Please carefully read & sign the Retainer Agreement
  5. Click the "Click to Sign" button to submit your signed agreement.
  6. Check for an email from "Adobe Sign" and click the "Confirm my email address" link to verify your signature and complete the process.
  7. One of our Attorneys will contact & speak with you by phone to finalize your joining this case. Please note: You must have a phone conversation with one of our Attorneys to complete your retention as a client of MKLLC LAW.