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Recent ERISA Fee Litigation: Key Lessons for Plan Fiduciaries
Orrick Link to more items from this source
[Guidance Overview]
Apr. 26, 2012
"A recent Federal District Court decision [out of Missouri] dealing with ERISA plan fees is generating substantial discussion in plan fiduciary circles, not only because of the significant liability imposed on fiduciaries (almost $40 million), but because of its discussion of some key fiduciary issues.... Tussey v. ABB, Inc. ... may provide significant guidance to plan fiduciaries in their determination of the 'reasonableness' of an arrangement when a service provider engages in revenue sharing. The Tussey case also contains some important general lessons for plan fiduciaries."

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