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Novant Health Sued by Employees Over Retirement Plan Fees
Bloomberg Link to more items from this source
Mar. 12, 2014
"Novant Health Inc. was sued by a retired doctor and six other current and former employees alleging the nonprofit hospital operator's retirement plan charged millions of dollars in excessive fees.... 'Given the massive bargaining power of a plan at or near $1 billion in total plan assets, a 'large' plan in industry terms, prudent fiduciaries consider far lower cost investments that are accessible to institutional investors,' lawyers for the employees said in the complaint."

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