Tag: excessive fees

The two counts brought by plaintiffs were bounced by the Chief Judge for the U.S. District Court for the Eastern...

Case alleges firm put high-fee, underperforming proprietary funds in its retirement plan

The mixed dismissal motion ruling, which sides mostly with the plaintiffs, agrees with the defense that certain data-sharing among providers...

The lawsuit comes as retirement plan sponsors and participants express increased interest in personalization and managed account services.

The defendants were accused of failing to monitor the average expense ratios charged to similarly sized plans for investment management...

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...