"The appeals court judges conceded March 23 that the Supreme Court had rejected a so-called 'categorical rule' in which 'providing some low-cost options eliminates concerns about other investment options being imprudent.' Plaintiffs complained about excessive record-keeping fees and the fiduciaries' failing to select lower-cost shares of mutual funds and annuities." [Hughes v. Northwestern Univ., No. 18-2569 (7th Cir. Mar. 23, 2023)]   MORE >>