This case involves allegations against a large financial and banking firm in relation to the management of its own 401k plan. Specifically, the plaintiffs allege that the defendant (1) caused plan participants to pay excessive fees for administrative and recordkeeping services and (2) included imprudent investment options that caused plan participants to suffer significant losses. We require a data expert who can opine on the financial losses suffered from the investment selections included in the 401(k) Plan. The ideal candidate will have extensive experience with handling and analyzing a significant volume of investment and transactional data.
Question(s) For Expert Witness
1. Please describe your background handling and/or analyzing large volumes of financial and investment data. 2. What capabilities/resources do you have access to that can enable you to analyze large data sets?
Expert Witness Response E-137133
I am very familiar with these subjects. I can certainly opine on the administrative/recordkeeping fees - I did the pricing for T. Rowe Price as a recordkeeper for several years, and I have presented at many conferences on the topic. I'm also knowledgeable on the investment side. My expertise is focused on recordkeeping, fees, revenue sharing, and fee leveling, among other areas. I have a tremendous amount of experience with the use of data to properly account for those things. I can add considerable depth to your team on recordkeeping and the calculations related to that area, as well as on the calculations related to the damages. When I was doing this work for T. Rowe Price, I was responsible for managing the people who dealt with the data. Essentially, I was a business liaison to the data and product development teams. I also have a background in law and often served as the business representative for T. Rowe Price in legal proceedings. I am intimately familiar with this process and can help with respect to discovery as well.
About the author
Joseph O'Neill
Joe has extensive experience in online journalism and technical writing across a range of legal topics, including personal injury, meidcal malpractice, mass torts, consumer litigation, commercial litigation, and more. Joe spent close to six years working at Expert Institute, finishing up his role here as Director of Marketing. He has considerable knowledge across an array of legal topics pertaining to expert witnesses. Currently, Joe servces as Owner and Demand Generation Consultant at LightSail Consulting.
