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Home Depot Court Finds for Defendants on Monitoring of Financial Engines Investment Advice Arrangement
October Three Consulting
Oct. 31, 2022 "[This article discusses] plaintiffs' claim that plan fiduciaries failed to prudently monitor fees under the plan's advice arrangement with Financial Engines and (subsequently) Alight Financial Advisors. This is one of the few decisions we've had on the substance of this issue and includes some significant guidance for 401(k) plan sponsors that include in their plan an advice service for plan participants." [Pizarro v. The Home Depot Inc., No. 18-1566 (N.D. Ga. Sep. 30, 2022)] MORE >> |
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