Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Atlantic Pension Services Inc
Nova 401(k) Associates
The Retirement Plan Company (TRPC)/an ABG firm
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|Six Excessive Fee Suits Paused Pending SCOTUS Ruling|
American Retirement Association [ARA]
Oct. 4, 2021
"A federal judge has put a half dozen 401(k) excessive fee suits on hold pending a decision by the U.S. Supreme Court in a case that 'will likely clarify the pleading requirements for ERISA breach of fiduciary claims in cases such as this.' ... In 'sua sponte' orders, [the district court judge] explained that 'after the parties filed their briefs, the United States Supreme Court granted certiorari in Divane v. Northwestern University ... 'a case[ii] upon which Defendants' motion to dismiss is largely based.' That case is set for arguments on Dec. 6, 2021, with a ruling anticipated before the term ends in June 2022."
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