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Supreme Court Has Opportunity to Bring Clarity to ERISA Fee Litigation
Michael P. Barry, via American Retirement Association [ARA] [Opinion] July 20, 2021 "The Supreme Court agreeing to review Hughes v. Northwestern presents the very real possibility that finally someone -- the Supreme Court -- will say something authoritative about exactly what a plan fiduciary's obligations are in building a fund menu. Must the fiduciary inspect every fund to make sure it carries the lowest possible fee? Or is simply giving participants an adequate choice, including low-cost index funds -- the sort of choice an ordinary investor has -- 'good enough?' " |
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