Plan Participant Seeks Summary Judgment On Prohibited Transactions Claims

Mealey's (August 9, 2018, 11:20 AM EDT) -- OAKLAND, Calif. — A former employee accusing his employer and its retirement plan investment committee of violating the Employee Retirement Income Security Act by charging 401(k) plan participants excessive fees and engaging in prohibited transactions argues in an Aug. 8 motion for partial summary judgment that judgment should be entered in his favor on the prohibited transactions claims because he met his burden of proving that the defendants engaged in prohibited transactions (Marlon H. Cryer, et al. v. Franklin Resources, Inc., et al., No. 16-4265, N.D. Calif.)....