WASHINGTON, Jan. 6, 2025 /PRNewswire/ -- Groom Law Group, Chartered celebrates the promotion of two attorneys to principal, effective January 1, 2025. Groom is also pleased to announce the promotion of one attorney to senior counsel and one attorney to of counsel. At Groom, our people are the heart of what we do, and we take pride in the well-deserved promotions of four talented attorneys whose hard work and dedication exemplify the firm's culture and values."It's an honor to recognize David, Scott, Michael, and Rina for their achievements. Their passion for their work and unwavering commitment to our clients make them invaluable members of the Groom family," said Executive Principal, Christine Keller.Groom's two new principals:David Ashner has consistently demonstrated exceptional expertise in tax-qualified retirement plans, earning the respect and trust of clients and colleagues alike. David's practical solutions and thorough understanding of the Internal Revenue Code have set him apart as a leader in the field

The number of new class-action lawsuits involving 401(k) plans dropped last year, but settlements in that line of litigation reached a record high.In no small part that was due to massive payouts in cases against Ruane Cunniff Goldfarb ($124.6 million), General Electric ($61 million) and Verizon ($30 million). But the number of settlements also rose considerably, at 42, compared with 31 in 2022, 26 in 2021 and just 12 in 2020, according to a report this week from Euclid Fiduciary President Daniel Aronowitz. In addition to the extraordinarily big settlements, there were a lot of small ones, part of a trend over the past few years as more plaintiffs’ firms have brought cases seeking quick payouts, Aronowitz noted. That has led to the average settlement amount decreasing. “This is due to the lower quality of the recent cases and the federal appellate decisions that have demonstrated that certain appellate courts will enforce a meaningful benchmark requirement comparing services for excess record-keeping claims,” Aronowitz wrote. “There is also a perception that the prolific plaintiff firms are willing to take a cost-of-defense settlement in a business model of churning cases.”

WASHINGTON, April 26, 2023 /PRNewswire/ -- Groom Law Group, Chartered ("Groom"), the leading benefits, health, and retirement law firm, announced today that it has earned 2023 Top Workplaces National Culture Excellence recognition for Innovation, Compensation & Benefits, and Purpose & Values. Based solely on employee feedback gathered through a third-party employee engagement technology and analytics company, Energage LLC, the Top Workplaces designation is derived from an anonymous survey that takes into account 15 culture drivers deemed critical to the success of any organization – including factors such as alignment, execution and employee connection.Top Workplaces celebrates organizations across the nation that "make the world a better place to work together by prioritizing a people-centered culture and giving employees a voice." The technical process by which stand out organizations are identified involves a 24-point survey and includes the following criteria:This honor is a result of the firm's clear intention and hard work over the past several years to enrich its culture. Tweet thisThe Innovation award celebrates organizations who have embedded innovation into their culture and create an environment where new ideas come from all employees.award celebrates organizations who have embedded innovation into their culture and create an environment where new ideas come from all employees. The Compensation and Benefits award celebrates the organizations who provide employees not only with material rewards but also with the appreciation for their work.award celebrates the organizations who provide employees not only with material rewards but also with the appreciation for their work. The Purpose & Values award celebrates organizations who have both embedded their mission and values into their culture and are efficient in their work to bring it into reality.Christine Keller, Executive Principal and one of several members of the firm that has spearheaded the firm's strategic emphasis on culture said, "The firm's vision to help all people lead healthier and wealthier lives starts from within. That is why we not only offer strong benefits and compensation packages to all of our employees, but also encourage each of them to be creative and take intellectual risks in their day-to-day work