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Proskauer Rose's ERISA Litigation Newsletter, August 2010
Proskauer Rose
Aug. 9, 2010 Excerpt: [The Edison case, being the first 'excessive fees' case to go to judgment following a trial,] illustrates that it may be worthwhile for plan sponsors to consider structuring their plans so that the plan's administrative costs are borne by the plan, not the plan sponsor. Such a structure can lessen or eliminate claims of conflicts when revenue sharing is used to effectively lower a plan's administrative expenses. MORE >> |
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