Lawsuit over 401(k) fees, active target-date series fails
Comparing actively managed funds on the plan menu to index funds that were available was not an ideal comparison, according to the court.
A lawsuit filed over the use of actively managed Fidelity Investment Co. funds and allegedly high costs in a health care company’s $3.2 billion 401(k) plan fell flat last Wednesday, with a federal judge dismissing all claims.
A plaintiff brought the proposed class-acti
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