Criticizing Sweda, 9th Circuit Issues Partial Reversal In ERISA Fees Row

Mealey's (August 7, 2023, 2:14 PM EDT) -- SAN FRANCISCO — Mostly reversing and remanding summary judgment against a certified class of retirement plan participants, a Ninth Circuit U.S. Court of Appeals panel on Aug. 4 ruled that in assessing record-keeping fees, plan fiduciaries were required to consider compensation the record-keeper received from a brokerage account platform and a provider of individualized investment advice....