Allstate Loses Bid To Dismiss ERISA Fees, Funds Claims In Suit Over 401(k) Plan

Mealey's (October 8, 2021, 11:28 AM EDT) -- CHICAGO — Participants in a defined contribution-retirement plan who filed a putative class suit alleging underperforming funds and excessive fees have standing and have adequately pleaded claims, including breach of the fiduciary duty of prudence, a federal judge in Illinois ruled Sept. 28, denying a motion to dismiss that raised issues including failure to plead exhaustion of administrative remedies....