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Prudent Process Is Key to Plan's Victory in Excessive Fees Suit
Shipman & Goodwin LLP 
Oct. 10, 2023 "[P]lan participants alleged that the 401(k) plan's fiduciary committee failed to select low cost investment alternatives for the plan's lineup, and to monitor the plan's recordkeeping expenses, both of which led the plan to pay excessive fees ... In finding against the plaintiffs, the court ... pointed to consistent and reasonable actions that the committee took throughout the class period to manage plan fees." [Nunez v. B. Braun Medical Inc., No. 20-4195 (E.D. Penn. Aug. 18, 2023)] MORE >> |
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