ERISA Lawsuit Questions Humana Plan Fees
The lawsuit closely resembles numerous other ERISA excessive fee complaints filed in recent years. Reported by Plaintiffs have filed a proposed class action lawsuit against health insurance provider Humana Inc. in the U.S. District Court for the Western District of Kentucky, alleging breaches of the fiduciary duty of prudence required by the Employee Retirement Income Security Act (ERISA). The plaintiffs allege that, with its billions of dollars in assets, the Humana defined contribution (DC) retirement plan has substantial bargaining power regarding the fees and expenses charged against part...
Source: plansponsor.com