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Another Low-Cost Plan Sued Based on Misleading Circumstantial Evidence
Encore Fiduciary Link to more items from this source
[Opinion]
Apr. 6, 2022

"Once again, these lawyers have asked the court to infer that the plan was filled with high-cost investments when in fact the plan has a low all-in fee structure with mostly index investment options. The law firm has also mispresented the recordkeeping fees based on faulty estimates when they had fee disclosures from which to cite truthful information.... The Dartmouth-Hitchcock Clinic purported excessive fee case is another strike lawsuit designed to shake down the sponsors of America's sponsors of quality defined contribution plans." [Adams v. Dartmouth-Hitchcock Clinic, No. 22-0099 (D.N.H. complaint filed Mar. 18, 2022)]

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