Federal Judge Dismisses ERISA 401(k) Fees, Funds Suit Against Hospital Nonprofit

Mealey's (October 4, 2021, 7:35 AM EDT) -- COVINGTON, Ky. — A retirement plan participant who asserted breach of fiduciary duty claims under the Employee Retirement Income Security Act has standing but failed to state a claim, a federal judge in Kentucky ruled Sept. 8, dismissing the complaint with prejudice and citing reasons including failure to provide meaningful benchmarks for allegedly imprudent funds and failure to show substantial underperformance....

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