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Excessive Fee Lawsuit Against Small 401(k) Plan Dismissed -- by Plaintiffs
National Association of Plan Advisors [NAPA] Link to more items from this source
June 30, 2016
"Less than a month after filing, plaintiffs in the case of Damberg v. LaMettry's Collision, Inc.... filed for a voluntary dismissal of their lawsuit.... The case -- which some held out as a harbinger of this type litigation moving down market -- stood out in an environment where for a decade the vast majority of the so-called 'excessive fee' revenue-sharing lawsuits have been filed against multi-billion dollar 401(k) plans."

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