Excessive-fee suit targeting $9 million 401(k) plan could be ‘harbinger’ for industry
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Lawsuit is perhaps the first example targeting small retirement plans.
A new class-action lawsuit targeting excessive 401(k) fees in a $9 million plan could herald a new frontier of sorts in this type of litigation.
The suit, Damberg et al v. LaMettry's Collision Inc. et al, alleges plan fiduciaries breached their duties under the Employee Retirement Income Security
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