"California and North Carolina district courts have dismissed major class action challenges to AT&T and Lowe's 401(k) plan recordkeeping fees based on extensive step-by-step documentation that the plan fiduciaries acted prudently in monitoring the plan's recordkeeping expenses. These cases provide a useful guide for the type of evidence needed in ERISA breach of fiduciary claims and likely variants." [Alas v. AT&T Services, Inc., No. 17-8106 (C.D. Cal. Sep. 28, 2021); Reetz v. Lowe's Companies, Inc.; Administrative Committee of Lowe's Companies, Inc. and Aon Hewitt Investment Consulting, Inc., No. 18-075 (W.D.N.C. Oct. 12, 2021)]  MORE >>