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California District Court Again Dismisses ERISA Lawsuit Challenging 401(k) Plan's Fees
Jackson Lewis P.C., via Lexology; free registration requiredLink to more items from this source
May 11, 2021

"[T]he court rejected the plaintiffs' reliance on an industry publication's calculation of median fees charged by a few plan funds because the data amalgamated fees charged by funds with disparate characteristics.... Similarly, the court nixed the plaintiffs' comparison of actively managed funds to passively managed funds because the two types of funds 'have different aims, different risks, and different potential rewards that cater to different investors.' " [Davis v. Salesforce.com, Inc., No. 20-1753 (N.D. Cal. Apr. 15, 2021)]

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