Action for Boston Community Development, Inc. (ABCD) Tax Sheltered Annuity Plan
We are representing participants in the Action for Boston Community Development, Inc. (ABCD) Tax Sheltered Annuity Plan. This retirement plan is one of the worst performing retirement plans in the country, ranking in the bottom 1% of all similar retirement plans. This is due to the Plan’s heavy investment in an investment option that provides very low investment returns. As a result, participants’ retirement savings are not growing as they should. We seek to recover the losses the participants suffered. Hildonen, et al. v. Action for Boston Community Development, Inc., No. 1:25-cv-10120 (D. Mass.).
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If you are a participant in this Plan and wish to learn more about this case, you may contact one of the attorneys on this case, Carl Engstrom or Mark Thomson. You can also learn more about our other 401(k) cases.