"The complaint alleges that the Kroger 401k Plan had a $30 recordkeeping [fee], which they claim is 50% too high, but in reality is lower than nearly every plan in America today. The case shows how the Supreme Court needs to step in and halt the ability of the plaintiffs' bar to impose improper liability on the fiduciaries of America's retirement plans, absent legitimate proof of real fiduciary imprudence and harm to participants. If the Kroger plan can be sued with a low recordkeeping fee, then every plan sponsor in America is at risk of being sued, and ERISA is no longer the fiduciary law that Congress intended." [Sigetich v. The Kroger Co., No. 21-0697 (S.D. Ohio complaint filed Nov. 5, 2021)]  MORE >>