Court Hands Down Split Decision in KeyCorp Excessive Fee Lawsuit
Court Hands Down Split Decision in KeyCorp Excessive Fee Lawsuit A federal judge moved forward claims of excessive administrative and managed account fees but dismissed claims regarding KeyCorp plan’s stable value fund option. Reported by Parts of a lawsuit alleging fiduciaries of the KeyCorp 401(k) Savings Plan allowed plan participants to pay excessive administration and managed account fees and retained a stable value investment option when it was imprudent will move forward, while some claims were dismissed. Plaintiffs in the lawsuit filed last summer allege that the defendants breached...
Source: plansponsor.com