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November 2010

Lawsuit on Excessive 401(k) Plan Fees

November 29, 2010 (comments: 0) | add a comment >

The issue of excessive 401(k) plans fees and expenses finally had its day in court on the heels of the DOL’s interim final regulations on fee disclosures. A class action lawsuit, Tibble v. Edison International, claimed that fiduciaries of Edison’s 401(k) plan breached their fiduciary duties by incurring high fees and expenses. The lawsuit went to trial in the United States District Court for the Central District of California in August.

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