The company's sprawling range of financial services include retirement accounts, which it is actively pursuing.
The increase in the number of cases being settled this year follows a spike in litigation that started several years ago.
Latest increase could mean some clients see a net deficit, advisor warns.
Most companies don't offer pensions, and many that once did are transferring the liabilities to insurance companies.
Plaintiffs alleged the company ran afoul of the Employee Retirement Income Security Act by putting its own funds on the plan menu.
But those who showed objective knowledge paid less, research shows.
Even as big players like BlackRock close funds that failed to gain assets, they continue filing for new ones.
The trend is a boon for the insurance business, but there are questions about protections for retirees and workers.
Opponents say the legislation would do little to help most people.
With more allocation tools at their disposals, advisors are focusing on planning and growing their businesses, Fuse finds.
