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Wake Forest medical center sued over ERISA violations in 403(b) plan

Jumbo 403(b) Plan Hit With Excessive Fee Suit

Jumbo 403(b) Plan Hit With Excessive Fee Suit Fiduciaries of the Wake Forest University Baptist Medical Center plan are accused of failing to ensure reasonable investment fees and mismanaging revenue sharing to pay for administrative expenses. Reported by Wake Forest University Baptist Medical Center, its board of directors and its retirement benefit committee have been sued for allegedly failing to ensure the plan and its participants paid reasonable fees for investments and administration. The complaint alleges that many of the mutual funds in the Wake Forest Baptist Medical Center 403(b) Retirement Savings Plan were more expensive than comparable funds found in similarly sized plans those with more than $1 billion in assets. It says the expense ratios for the funds in the plan were up to 280%, in one case, and up to 273%, in another, above the median expense ratios for funds in the same investment category.

Police in Salisbury investigating Sunday morning shooting

Police in Salisbury investigating Sunday morning shooting The shooting happened at a house near the intersection of Old Plank Road and Partee Street. (Source: David Beaver-WBTV) By David Whisenant | April 5, 2021 at 6:39 AM EDT - Updated April 5 at 7:09 AM SALISBURY, N.C. (WBTV) - A man was shot on Sunday morning in Salisbury near the intersection of Old Plank Road and Partee Street. The incident happened around 10:00 am. According to the report, a man and his girlfriend were in bed when they heard a noise in the backyard. The man got up to investigate and was shot as he opened the front door. When police arrived, they found the man semi-conscious on the couch with a gunshot wound in the thigh.

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