Sanctions Called for Workers and Attorneys in Sacerdote et al. v. NYU
There are several bases on which the court could impose sanctions.
Tag: excessive investment fees
Wells Fargo 401(k) Participant Files Excessive Fee, Self-Dealing Suit
Throughout the complaint, the plaintiff alleges that the plan’s fiduciaries’ lack of a systematic and unbiased review process caused participants to pay an unnecessarily high expense ratio for both Wells Fargo proprietary investments and nonproprietary investments.