Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Staff Accountant 2

BPAS
(Huntingdon Valley PA / Hybrid)

BPAS logo

Participant Services & Operations Coordinator

Pentegra
(Remote)

Pentegra logo

Consultant / Account Manager

Spectrum Pension Consultants (part of Daybright Financial)
(Remote / Tacoma WA / CA / OH)

Spectrum Pension Consultants (part of Daybright Financial) logo

3(16) Retirement Plan & Customer Liaison

Compass
(Remote / Stratham NH / Hybrid)

Compass logo

Retirement Plan Administrator (Part-Time)

Accelefund, Inc.
(Remote / Lenexa KS)

Accelefund, Inc. logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

How Morgan Lewis Proved That Capozzi's Purported 'Excessive' Fee Case Was Implausible
Encore Fiduciary Link to more items from this source
[Opinion]
June 9, 2022

"[There are] lessons that can be learned from Morgan Lewis's masterful dismissal motion. These defense tactics apply to many of the illegitimate purported excessive fee lawsuits based on exaggerated and inaccurate data.... The only potentially legitimate excessive recordkeeping claim is if it is based on the rule 408b2 or 404a5 fee disclosures, and compared to the accurate fee disclosures of other companies with similar recordkeeping services. But the vast majority of lawsuits use deceptive Form 5500 inflated data." [Morales v Capital One Fin. Corp., No 21-1454 (E.D. Va. May 27, 2022)]  MORE >>

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).