6th Circuit Upholds Dismissal Of ERISA Suit Over 401(k) Fees, Actively Managed Funds

Mealey's (June 23, 2022, 12:59 PM EDT) -- CINCINNATI — A Sixth Circuit U.S. Court of Appeals panel on June 21 affirmed dismissal of a putative class suit over fees and actively managed target date funds (TDFs) in a retirement plan, ruling in part that a showing of imprudence does not “come down to simply pointing to a fund with better performance.”...