New York District Court Rejects ERISA Excessive Fee Claims as Insufficient
Proskauer's Employee Benefits & Executive Compensa
JANUARY 24, 2023
A district court in New York recently dismissed a putative class action challenging retirement plan recordkeeping and investment management fees. 21-cv-8458, 2023 WL 186679 (S.D.N.Y. First , the court held that plaintiffs lacked standing with respect to the profit-sharing plan because they were not participants in that plan.
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