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Excessive Fee Suit Treads Familiar, New Ground(s)
American Retirement Association [ARA] Aug. 22, 2022 "The fiduciaries of yet another multi-billion dollar 401(k) have been sued for an alleged breach of its fiduciary duty—ostensibly for causing the plan to pay “unreasonable and excessive fees for recordkeeping and other administrative services”—including a new type of allegation." [McDonald v. Laboratory Corp. of Am. Holdings, No. 22-0680 (M.D. N.C. complaint filed Aug. 18, 2022)] |
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