Employee Benefits & Executive Compensation Blog

The View from Proskauer on Developments in the World of Employee Benefits, Executive Compensation & ERISA Litigation

Jessica Guarracino

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District Court Dismisses Investment and Recordkeeping Claims Against 401(k) Plan Fiduciaries

By Tulio Chirinos and Jessica Guarracino on Posted in 401(k) Plans, Fiduciary Breach
A Kentucky federal district court ruled that a participant in CommonSpirit Health’s 401(k) plan failed to state plausible claims for breach of fiduciary duty related to the fees and performance of actively managed target date funds and recordkeeping fees. The court first rejected plaintiff’s claim that the plan fiduciaries should have offered a passively managed … Continue Reading
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