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‘Astronomical’ Recordkeeping Fees, Branded CITs Draw Excessive Fee Suit
American Retirement Association [ARA] 
Mar. 3, 2021 "This time the target is none other than the American Red Cross, sued by four of the 22,000 participants (with account balances) in the plan that had over $1.2 billion in assets at the end of 2019 (according to the suit).... [T]he suit draws in several points of comparison for the excessive fee allegation[.]" [(Tracy v. Am. Nat'l Red Cross, No. 21-541 (D.D.C. complaint filed Mar. 2, 2021)] |
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