Defendants:  Retirement Plan Fees Too Low For Breach Of Fiduciary Duty Inference

Mealey's (July 29, 2021, 9:25 AM EDT) -- BOSTON — Putative class allegations by participants in a State Street Corp. retirement plan that fiduciaries violated the Employee Retirement Income Security Act fail to state a claim, the defendants assert in a July 26 motion to dismiss in a Massachusetts federal court, arguing in part that “No court has held that offering funds with fees as low as the ones here gives rise to an inference of breach of duty.”...