A new excesssive fee suit claims that plan fiduciaries “abdicated” their responsibilities, allowing the plan trustees to “..lard the Plan with high-cost mutual funds.”

Article by Nevin E. Adams of 8/23/2017 says: “The most recent excessive fee suit…claims that the fiduciary-defendants did not try to reduce the Plans’ expenses or exercise appropriate judgment to scrutinize each investment option that was offered.”

You can read the whole article here.