Tag: excessive fees

The short appellate ruling notes that new precedents have overtaken some of the debates in the case.

The defendants are accused of paying unreasonable recordkeeping and administrative fees and offering imprudent share classes of certain investment options.

The named defendants in the suit are the DENSO International America company alongside its board of directors and various committees...

The complaint alleged a target-date fund suite managed by Principal performed poorly for an excessive period of time, without being...

The plaintiffs accuse the defense of failing to work to reduce retirement plan expenses or to adequately scrutinize each investment...

The lawsuit suggested the fiduciaries of the plan breached their ERISA duties by authorizing the plan to pay unreasonably high...

In addition to naming the company as a defendant, the lawsuit also targets members of the board of directors, as...

The district court’s order promptly concludes that the plaintiffs have sufficiently stated a claim for breach of fiduciary duty.

The lead plaintiffs’ attorney says the Supreme Court has confirmed that it is the employer’s obligation, not the employee’s, to...

The new ruling states that Tibble v. Edison’s discussion of the continuing duty to monitor plan investments applies in the...

An order filed in an excessive fee lawsuit against Baptist Health South Florida says the 403(b) plan in question effectively...

The new amended complaint seeks to provide more detail about 14 different investment options allegedly offered in the plan and...

The lawsuit, now cleared for discovery, claims that a proclivity for proprietary mutual funds has cost plan participants millions of...

Participants in Voya’s defined contribution retirement plan suggest certain funds were not selected and retained for the plan as the...

The unsuccessful complaint relied heavily on tabular depictions of the Adidas plan’s fees calculated as cost per 401(k) plan participant/beneficiary...

The plaintiffs argue the $500 million retirement plan’s fiduciaries failed to leverage the plan’s substantial bargaining power to benefit participants...

Beyond claiming the imprudent payment by fiduciaries of excessive fees for recordkeeping, the lawsuit also alleges the defendants failed to...

The complaint suggests the plan should have been able to negotiate highly competitive rates for investment and administrative services but...

The plaintiffs suggest that two sizeable Deloitte retirement plans should have been able to negotiate a recordkeeping cost in the...