Tag: retirement plan fees

Fiduciaries are accused of failing to switch to and investigate the availability of lower-cost versions of funds offered in the plan.

A federal judge granted Cerner’s motion to dismiss the case then reopened it on the same day, announcing the parties were to discuss a potential settlement.

The lawsuit accuses plan fiduciaries of failing to benchmark recordkeeping fees and failing to monitor investment fees, among other things.

Admitting no wrongdoing, Reliance Trust will pay $39.8 million to settle the case.

The lawsuit contends that, in most cases, the managed account service added no material value to participants, creating asset allocations 'not materially different than' those of the age...

The high court has been asked to weigh in on whether allegations that investment fees charged were excessive compared to other investments is sufficient to state a claim...

The lawsuit challenges the use of actively managed funds over passive funds and the use of higher-cost share classes, among other things.

Pentegra Retirement Services and other plan fiduciaries are accused of failing to make sure fees are reasonable and acting in Pentegra’s, not plan participants', interest.

The lawsuit is one of many filed recently claiming that the use of an index suite of Fidelity TDFs is more prudent.

Allegations in the lawsuit mirror those of the many excessive fee suits filed against retirement plan sponsors.

The case against B. Braun Medical contains allegations similar to those in many complaints filed this year.

The allegations basically mirror those included in the long list of excessive fee suits filed.

Prime Healthcare Services is one of the latest targets of an ERISA 401(k) excessive fee suit.

Defendants are accused of failing to use the lowest cost share class for many of the funds in the plan and failing to consider CITs and index funds...

McKinsey & Co. and an RIA it owned were accused of ERISA violations that included prohibited transactions.

The lawsuit challenges fees for recordkeeping, target-date funds and stable value funds, as well as fees paid to service providers to the health care system's 403(b) plan.

The firm was also charged with mutual fund share class violations.

Though similar to other lawsuits, arguments about excessive recordkeeping fees are featured early and prominently in the complaint and strongly criticize the recordkeeper, even though it is not...

The lawsuit also accuses plan fiduciaries of failing to monitor total plan costs.

The lawsuit argues that while the TDFs in the plan are CITs, they are private label CITs with much higher expense ratios than the typical CITs offered by...