The court found that the plaintiffs plausibly alleged that 401(k) plan fiduciaries failed to control fees by offering retail share classes of investments in the plan.
A Ninth Circuit panel on Friday breathed new life into a proposed class action that accuses Trader Joe's Co. of wasting workers' retirement funds on excessive 401(k) plan fees, saying the ERISA claim "plausibly alleges a failure to provide cost-effective investments with reasonable fees."
Thursday saw the filing of a suit in the Northern District of Illinois by plaintiff Lisa Cristia (both individually and on behalf of all other similarly
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A few months ago, we analyzed the Ninth Circuit’s decision in Webb v. Trader Joe’s Company, No. 19-56389 (June 4, 2021), which held that a private plaintiff’s challenge to poultry.