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Supreme Court Poised to Decide What Allegations Make the Grade in University Fee Case, with Broader Implications for ERISA Retirement Plan Fiduciaries
King & Spalding 
Jan. 7, 2022 "At oral argument in Hughes, the Justices grappled with several interrelated issues that will shape whether, and how high, they set the bar for excessive fee claims: [1] What's the standard for prudent fiduciary conduct? ... [2] Excessive fees versus excessive options.... [3] What is an appropriate comparator?.... [4] Are subsequent plan changes fair game?" [Hughes v. Northwestern Univ., No. 18-2569 (7th Cir. Mar. 25, 2020; oral arg. transcript Dec. 6, 2021)] |
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