ERISA Claims Against PNC Dismissed With Leave To Amend In 401(k) Plan Fees Suit

Mealey's (August 6, 2021, 1:31 PM EDT) -- PITTSBURGH — Participants in a retirement plan alleging excessive fees failed to state a claim under the Employee Retirement Income Security Act for breach of fiduciary duty against their employer and plan fiduciaries, a federal judge in Pennsylvania ruled in an Aug. 3 memorandum opinion and order, granting dismissal of the complaint with leave to amend....