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Adidas 401(k) Lawsuit Argues Passive Funds Best for Participants
planadviser Link to more items from this source
July 15, 2019
"[The complaint] argues that the funds chosen by Adidas from which plan participants may elect to invest are actively managed, which in significant measure results in the higher administrative fees. The plaintiffs suggest Adidas could have offered passively managed funds as an alternative to plan participants, which would have resulted in significantly lower administrative fees yet generated comparable returns." [Enos v. Adidas America Inc., No. 19-1073 (D. Ore. complaint filed Jul. 10, 2019)]

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