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Fiduciary Liability Critical in Russell Investments ERISA Case
PLANSPONSOR; registration may be required 
Oct. 16, 2025 "A federal judge greenlighted complaints against Russell Investments Group LLC for allegedly causing plan participants to lose more than $100 million by placing them in its proprietary target-date funds, while dismissing complaints against the plan sponsor, Caesars Holdings Inc. The ruling indicates that plan sponsors can mitigate their fiduciary liability by delegating investment authority to a 3(38) fiduciary[.]" [Wanek v. Russell Investments Trust Co., No. 21-0961 (D. Nev. Sep. 25, 2025)] MORE >> |
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