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Past Practices Cited in ERISA Lawsuit Against Plan Sponsors
PLANSPONSOR; registration may be required 
Dec. 27, 2019 "The lawsuit argues that, although the plaintiff is a participant only in the Rollins plan ... she may also represent participants in the Western plan 'because of the commonality of fiduciaries, service providers and investments.' Western is a wholly owned subsidiary of Rollins. The defendants are accused of having imprudently selected higher-cost actively managed mutual funds and retail share classes versus the lowest cost institutional share classes of the same mutual funds." [Fleming v. Rollins, Inc., No. 19-5732 (N.D. Ga. complaint filed Dec. 20, 2019)] MORE >> |
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