Webinar Summary
From multibillion dollar defense contractor plans to small not-for-profit association plans with less than $50 million in assets, no retirement plan fiduciaries have been safe from recent increases in class actions alleging that they pay excessive recording and investment fees and pick underperforming investments. With an unprecedented number of court decisions and even some of these class actions going to trial, it’s difficult to predict where the outstanding cases may be headed. Moreover, retirement plans aren’t the only benefit plans that pay fees, and plaintiffs are now putting healthcare plan fees under the microscope.
Join Chubb’s Fiduciary Product Manager, Alison Martin, and Morgan Lewis & Bockius’ Jeremy Blumenfeld, leading experts in this field, for a discussion of how these cases are developing – including defense approaches that appear to be effective and analysis of problematic issues. We will also discuss the possible expansion of these excessive fee claims into the healthcare plan space.