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Managing Director - Operations, Benefits Daybright Financial
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Exposing Excessive Fee Litigation Against America's Defined Contribution Plans (PDF)
Euclid Specialty Managers 
[Opinion] Dec. 3, 2020 24 pages. "The copy-cat lawsuits -- now nearly 200 in number with over 90 filed in 2020 alone -- attack retirement plan investment options that are commonplace and longstanding.... Fiduciary liability insurance companies have paid an estimated $1B+ in settlements and well over $250 million in attorney fees to a growing network of plaintiff firms chasing these outsized fee awards.... Systemic reforms are necessary before American employers decide the cost and risk of offering voluntary defined contribution plans is too high." MORE >> |
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