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Stadion, United of Omaha Slapped with Excessive Fee Suit
National Association of Plan Advisors [NAPA] Jan. 30, 2019 "Ultimately, the plaintiffs claim that Stadion directed participants' accounts into United of Omaha- and Stadion-affiliated investment options, 'despite the availability of lower-cost, higher-performing investment options within the plan that would have better met the needs of participants' ... The plaintiffs claim that 'Stadion avoided these options because they did not generate as much revenue for its business partner, United of Omaha." [Davis v. Stadion Money Mgmt., LLC, No. 19-119 (M.D.N.C. complaint filed Jan. 25, 2019)] |
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