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Welfare Plan Class Action Litigation Underscores Importance of Minding Your Fiduciary Duties
Bass Berry & Sims via JDSupra
Apr. 17, 2024 "The [CAA's] compensation disclosure rules are of particular interest to plaintiffs' attorneys, as they may lead to increased scrutiny of the underlying fees and result in litigation related to unreasonable vendor fees and services.... [Here are] clear, actionable steps employers can take to prepare for this potential new wave of litigation.... [P]olicies and procedures related to retirement plans will serve as a useful guide for health and welfare plan fiduciaries seeking protection from these novel lawsuits." |
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