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Deutsche Bank Can't Shake 401(k) Fee Lawsuit
Bloomberg BNA 
Oct. 17, 2016
"The suit, filed on behalf of a proposed class of about 20,000 employees, claims Deutsche Bank directed more than $300 million of its workers' retirement savings toward an in-house index fund that carried fees 11 times higher than a comparable fund offered by Vanguard, with those fees going 'directly into Deutsche Bank's pocket.' In allowing most of the workers' claims to proceed, the New York-based judge said on Oct. 13 that the workers plausibly alleged that the bank's process for choosing plan investments was 'tainted by failure of effort, or competence, or loyalty.' "
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