Compass
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Nordstrom Plan Participant Claims 401(k) Plan Fees No Bargain
National Association of Plan Advisors [NAPA] Nov. 13, 2017
"[The participant] argues, among other things, that Nordstrom failed to use the leverage it says the plan's $2.6 billion in assets should have enabled it to obtain reasonable fees for plan participants. In addition, she argues that the plan fiduciaries failed to adequately and prudently manage the plan by not using lower-cost investment vehicles and that they provided inadequate disclosures on fees." [McCorvey v. Nordstrom, Inc., No. 17-8108 (C.D. Cal., complaint filed Nov. 6, 2017)]
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