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D.C. Circuit: ERISA Plan Participant's Release Extends to Fiduciary Breach Claims on Behalf of the Plan
Proskauer Mar. 27, 2020 "The ruling extinguishes a participant's class action claims under ERISA sections 502(a)(2) and (a)(3) that 403(b) plan fiduciaries breached their fiduciary duties of prudence and loyalty by paying excessive recordkeeping fees and allowing participants to invest in investment options that were more expensive and underperformed comparable options available in the market." [Stanley v. George Washington Univ., No. 19-7079 (D.C. Cir. March 24, 2020)] |
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