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Excessive Fee Litigation Hits 403(b) Plans: What Nonprofit Fiduciaries Need to Know
Davis Wright Tremaine LLP Link to more items from this source
Aug. 19, 2016

"Commentators have predicted the 403(b) plan market would be vulnerable to similar lawsuits, given that 403(b) plans have traditionally carried higher costs than 401(k) plans.... There is nothing inherently wrong with offering higher-cost actively managed funds (or higher-cost third party administrators). The 401(k) cases have shown that if there is a problem, it is often the lack of a fiduciary process to monitor and benchmark fees against available alternatives."

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