1st Circuit:  Fidelity Not Liable As Fiduciary With Respect To Infrastructure Fees

(March 9, 2021, 8:44 AM EST) -- BOSTON — Fidelity did not act as a fiduciary under the Employee Retirement Income Security Act when it charged mutual funds “infrastructure fees” to be listed on the menu of investment options Fidelity made available to 401(k) plans, the First Circuit U.S. Court of Appeals affirmed March 5....