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Plaintiffs' Bar Takes Another Hit in 403(b) Excessive Fee Cases
Seyfarth Shaw 
Oct. 10, 2018
"The latest blow to these largely cookie cutter cases ... alleged that the plan paid excessive fees for administrative or investment management services, the plan should have consolidated to one recordkeeper (as opposed to two), that certain funds underperformed and that the plan's fiduciaries caused the plan to engage in prohibited transactions.... The court reasoned that the complaint starts with the false premise that just because the plan's fees could have been lower, there must have been some breach of duty." [Davis v. Washington Univ. in St. Louis, No. 17-1641 (E.D. Mo. Sept. 28, 2018)]
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