Money managers with in-house 401(k) plan options at risk of employee lawsuits: lawyers
There already have been several suits over high fees, and a second front may be emerging over plan options.
Asset managers that limit employee retirement plan investment choices to proprietary, in-house mutual funds are putting a legal target on their backs, attorneys said.
In the context of a rash of lawsuits by employees against financial services companies alleging breach of fiduciary duty in managing
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