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"[The plaintiff] alleged that he was injured because he would not have invested in the plans if he had known they would be transferred; the transfer 'substantially increased [his] risk of loss'; an insurance policy and a trust meant to protect participants in the event of default were nonexistent or insufficient; some DC investment options were no longer available after the transfer; and some of the new investment options 'charged considerably higher management fees' and 'generated less return than the investment vehicles [he] had chosen through Siemens.' The plaintiff did not allege that Sivantos had failed to pay him any benefits he was owed." [Krauter v. Siemens, No. 17-1662 (3d Cir. Feb. 16, 2018)]
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