District Court Dismisses ERISA Fee Litigation against 401(k) Plan for Failure to Exhaust

Claud Mccoid

A federal district courtroom in Georgia not long ago dismissed claims introduced by a participant in the Rollins, Inc. 401(k) Approach (the “Plan”), on behalf of a putative class of all strategy contributors, alleging that defendants breached their fiduciary responsibilities by charging too much recordkeeping fees, picking out and retaining high-priced and underperforming cash in the Approach and failing to diversify the Plan’s investment options. Defendants moved to dismiss on the foundation that plaintiff’s claims had been barred by her…
By: Proskauer – Staff Rewards & Executive… Read More