California Federal Judge Tosses Class Complaint Over ERISA Plan Funds, Fees

Mealey's (February 23, 2021, 3:11 PM EST) -- SAN FRANCISCO — An Employee Retirement Income Security Act plan participant who filed a class complaint accusing the alleged plan fiduciaries of charging excessive fees and retaining underperforming funds offered “apples-to-oranges” comparisons of both, a federal judge in California ruled Feb. 9, granting the defendants’ motion to dismiss....