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Court Dismisses Lawsuit by Plan Sponsor Participant Against ADP Multiple Employer Plan
PLANSPONSOR; registration may be required 
Apr. 5, 2022 "A plan sponsor participant in the ADP TotalSource Retirement Savings Plan, a multiple employer plan, has lost its effort to sue ADP, ADP TotalSource Group and the plan's administrative committee over allegedly excessive fees.... McCaffree [argued] that it has constitutional standing because it might be sued as a co-fiduciary for the defendants' alleged breach of fiduciary duties, and that it has statutory standing as a fiduciary.... [The district court judge] found that the plaintiff does not plead any facts suggesting that it could actually be held liable as a co-fiduciary. " [McCaffree Financial Corp. v. ADP, Inc., No. 20-5492 (D.N.J. Mar. 30, 2022)] MORE >> |
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