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Judge Rejects Claims That American Century 401(k) Plan Fiduciaries Violated ERISA
Pensions & Investments 
Jan. 28, 2019 "The plaintiffs ... claimed plan managers improperly favored proprietary investments, mismanaged the plan lineup and 'imprudently' monitored fees ... 'Plaintiffs ... failed to establish a single instance in which the (investment) committee members placed American Century's interest over those of plan participants,' [the judge] wrote. 'It is not disloyal as a matter of law to offer only proprietary funds.' " [Wildman v. American Century Services, LLC, No. 16-737 (W.D. Mo. Jan. 23, 2019)] MORE >> |
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