United Airlines Pilot 401(k) Plan Underperforming Large Cap Fund – Class Action Investigation

Ahdoot & Wolfson, PC is investigating potential fiduciary breaches in the management of the United Airlines Pilot Retirement Account Plan (the “Plan”), a 401(k) plan with approximately $11.8 billion in assets.

According to our investigation, the Plan’s Large Cap Growth Equity Fund—and particularly its Sands Capital component—has consistently underperformed its benchmark over 1-, 3-, 5-, and 10-year periods. Despite this prolonged underperformance and the availability of superior alternative investments, Plan fiduciaries allegedly failed to remove or replace the fund, resulting in potentially millions of dollars in losses to participants’ retirement savings.

ERISA requires plan fiduciaries to act with the care, skill, prudence, and diligence that a prudent person would use in managing retirement investments. Fiduciaries must also continuously monitor investment options and remove imprudent ones. We are analyzing the Plan fiduciaries’ actions to determine whether they failed to comply with ERISA.

Ahdoot & Wolfson, PC is interested in speaking with current and former participants in the United Airlines Pilot Retirement Account Plan who had assets invested in the Large Cap Fund. If you are a current or former participant in the United Airlines Pilot 401(k) Plan, we encourage you to contact our attorneys to discuss your rights and this ongoing investigation. Please fill out the form below, and one of our attorneys will contact you.