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'Close Question' Commodity Claims Clear 401(k) Excessive Fee Dismissal
American Retirement Association [ARA] 
May 30, 2023 "[Several] recent decisions ... have dismissed suits for what were deemed conclusory claims that fees were excessive relative only to plans alleged to be comparable based solely on size (participants and/or assets). What seems to have made the difference [in this case] was the (not terribly more substantive claim) that the services provided for those fees were identical, a fungible commodity." [Mazza v. Pactiv Evergreen Services Inc., No. 22-05052 (N.D. Ill. May 18, 2023)] MORE >> |
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