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ERISA Class Action Complaint Targets Ardent Health Services Over Investment Fees
PLANSPONSOR; free registration may be required Link to more items from this source
Jan. 2, 2020

"The complaint alleges that [fiduciaries of] the nearly $1 billion [plan] have failed to objectively and adequately review the plan's investment portfolio with due care to ensure that each investment option was prudent in terms of cost and performance.... Other allegations include that plan fiduciaries permitted overpayments for recordkeeping and administrative services." [McCool v. Ardent Health Serv., LLC, No. 19-1158 (M.D. Tenn. complaint filed Dec. 24, 2019)]

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