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Compass
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Franklin Resources Can't Get 401(k) Fee Lawsuit Dismissed
Bloomberg BNA Jan. 19, 2017
"Franklin Resources Inc. lost its bid for quick dismissal of a lawsuit claiming that it stuffed its workers' 401(k) plan with in-house mutual funds that carried excessive fees and performed worse than competitors' funds... The lawsuit also challenges Franklin's decision to include a money market fund in the 401(k) plan instead of a stable value fund that would have provided 'inflation-beating returns.' " [Cryer v. Franklin Templeton Resources, Inc., No. 16-4265 (N.D. Cal. Jan. 17, 2017)]
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