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Supreme Court Ruling Could Spur 401(k) Fee Litigation
News April 22, 2025 at 02:51 PM
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What You Need To Know
- The Supreme Court ruling has "fundamentally altered the litigation framework for 401(k) excessive fee claims," says Ron Rhoades.
- The decision is a victory for the Cornell University employees who brought the suit.
- The decision “highlights the importance to plan sponsors and fiduciaries of having a process in place to review service provider agreements,” says law firm Holland & Knight.
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