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Jumbo 403(b) Plan Hit With Excessive Fee Suit
PLANSPONSOR; free registration may be required Link to more items from this source
June 11, 2021

"The complaint alleges that many of the mutual funds ... were more expensive than comparable funds found in similarly sized plans -- those with more than $1 billion in assets. It says the expense ratios for the funds in the plan were up to 280%, in one case, and up to 273%, in another, above the median expense ratios for funds in the same investment category." [Garnick v. Wake Forest Univ. Baptist Medical Ctr., No. 21-0454 (M.D.N.C. complaint filed Jun. 4, 2021)]

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