BlackRock TDFs Called Out in 401k Excessive Fee Case
The lawsuit contends layering of BlackRock proprietary funds within its TDFs causes excessive fees for plan participants.
An organization comprised of industry advocates and businesses is set out to expand Americans’ access to retirement plans and protect the system’s retirement tax incentives.
The suit charges Anthem 401(k) plan fiduciaries with offering plan investments with excessive fees and paying too much for recordkeeping services, among other things.