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Illinois Federal Court Dismisses ERISA Claims Against 401(k) Fiduciaries Over Fees and Investment Options
McDermott Will & Emery 
Aug. 11, 2020 "The Seventh Circuit remains a difficult jurisdiction for plaintiffs seeking to file bare-bones, conclusory ERISA claims against 401(k) fiduciaries. [This case] highlights the importance of selecting a prudent overall mix of options for participants. [It] also rejects the one-size-fits-all pleading approach to choosing retail investment classes over institutional classes, selecting passive instead of active options and including funds from only one or two of the allegedly best investment managers." [Martin v. CareerBuilder, No. 19-6463 (N.D. Ill. Jul. 1, 2020)] MORE >> |
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