Fund Fees Continue to Decline
Fees fell for active as well as passive funds in 2020, but investors pay more for sustainable investments than traditional...
Tag: retirement plan fees
Long-Running AT&T ERISA Dispute Sees Summary Dismissal
The court concluded that the defendants present extensive evidence that they acted prudently in monitoring the plan’s recordkeeping expenses.
Benefits |
Defined Benefit vs. Defined Contribution: Understanding the Costs of Each
There are instances where a DB plan is the more cost-effective option, but experts say the trend of lower DC...
District Court Roundly Rejects Oshkosh ERISA Challenge
The court said that a plan’s mere underperformance, absent any specific allegations of imprudence, is not actionable.
Chamber of Commerce Says Cookie-Cutter Excessive Fee Suits Harm Participants
After pointing out the flaws in excessive fee allegations and what it says is the real motivation for the lawsuits,...
Court Tosses PNC Excessive Recordkeeping Fee Suit
The plaintiffs have already filed an amended complaint after a judge found that their allegations were insufficient to state a...
Lawsuit Says Baptist Health South Florida Didn’t Follow IPS
The claims are typical of excessive fee lawsuits, but the plaintiffs’ lawyers attempt to cover their bases by addressing issues...
Court Revives Part of NYU ERISA Suit
An appellate court found the district court erred in dismissing claims related to the use of higher-cost share classes and...
Xerox Faces ERISA Excessive Fee Suit
The plaintiffs claim recordkeeping expenses more than doubled during the time Xerox Corp. used its affiliated recordkeeper.
Plaintiffs Say SeaWorld Plan Paid Excessive Fees
Plan fiduciaries are also accused of "failing to offer and retain a diverse pool of investment funds in accordance with...
Plaintiffs in Excessive Fee Suit Overcome Hurdles to Move the Case Forward
The participants’ claims regarding Omnicom’s continued use of an active TDF suite were found plausible, and a judge left until...
Great-West Defendants Prevail in Appeal of Fee Challenge
Affirming a lower court ruling in its entirety, the 10th Circuit found that plaintiffs neither present evidence establishing the outer...
Medical System’s Retirement Plans Target of Excessive Fee Lawsuit
The suit claims the use of an asset allocation solution for the medical system’s 401(a) and 403(b) plans funneled participant...
Generac Power Systems New Target of ERISA Excessive Fee Suit
As with similar litigation, the company’s 401(k) plan fiduciaries are accused of failing to take measures to ensure reasonable recordkeeping...
Jumbo 403(b) Plan Hit With Excessive Fee Suit
Fiduciaries of the Wake Forest University Baptist Medical Center plan are accused of failing to ensure reasonable investment fees and...
Estee Lauder Excessive Fee Suit Moves Forward
A federal judge said he would explain the reasons he denied the defendants' motion to dismiss during a pre-trial conference...
Court Split on Motion to Dismiss Claims in Excessive Fee Suit
In the case over alleged excessive fees in the B. Braun Medical retirement plan, the judge moved forward claims for...
U.S. Attorneys Ask Supreme Court to Take on 403(b) Excessive Fee Case
The Supreme Court’s review could answer the question of what qualifies as a plausible claim for relief in DC plan...
Settlement in Columbia University ERISA Case Includes Non-Monetary Provisions
The university has agreed to request competitive bids for administrative services in the next three to four years and maintain...
Two Approaches to Benchmarking Plan Fees
A quick comparison of prices paid by plan sponsor peers can let a sponsor know if it should issue an...