Featured Jobs
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Pattison Pension
|
|
MAP Retirement
|
|
DWC - The 401(k) Experts
|
|
Sentinel Group
|
|
Regional Vice President, Sales MAP Retirement
|
|
MAP Retirement
|
|
Retirement Relationship Manager MAP Retirement
|
|
BPAS
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Seventh Circuit Finds the Northwestern Excess Fee Case Plausible Based on an Obsolete Fact Pattern
Encore Fiduciary 
Mar. 28, 2023 "The Seventh Circuit held that the Northwestern excess recordkeeping and investment fee claims were plausible ... But the case involves an obsolete fee arrangement that even the Northwestern plan has replaced. Read correctly, the case only finds plausibility for fiduciary imprudence claims against plans with uncapped revenue sharing and retail share class investments without rebating the higher fees back to plan participants. Virtually no large plan today has this obsolete fee arrangement." [Hughes v. Northwestern Univ., No. 18-2569 (7th Cir. Mar. 23, 2023)] 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). |