Defending Against Excessive Fee Cases: It's All About Procedure
Defending Against Excessive Fee Cases: It’s All About Procedure It’s crucial for plan sponsors to have and follow a good investment policy statement and to carefully document the reasons for all their decisions. Reported by There has been a surge of excessive fee lawsuits filed against plan sponsors in recent years. But there are strategies retirement plan sponsors and their attorneys can take to defend themselves, Carol Buckmann, ERISA [Employee Retirement Income Security Act] attorney and founding partner of Cohen & Buckmann, tells PLANSPONSOR. “Even if a trial progresses, there are a...
Source: plansponsor.com