8th Circuit Upholds Dismissal Of ERISA Excessive Fee Suit On Benchmarks Issue

(September 4, 2024, 11:53 AM EDT) -- ST. LOUIS — Repeatedly citing Matousek v. MidAmerican Energy Co. and ruling that there was “a lack of meaningful benchmarks suggesting that the costs are too high for a plan of its size,” an Eighth Circuit U.S. Court of Appeals panel affirmed dismissal of an Employee Retirement Income Security Act suit over a 401(k) plans fees and funds....

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