Nationwide’s 401(k) record-keeping fees are excessive, lawsuit claims
Plaintiffs claim practice of charging plans a percentage of assets is unreasonable.
Nationwide has been sued for allegedly charging 401(k) plans excessive record-keeping and administration fees in a lawsuit that also challenges the practice of assessing fees based on the amount of plan assets.
Plaintiff Alana Schmitt, a participant in the Andrus Wagstaff, PC 401(k) Profit Sharing
Learn more about reprints and licensing for this article.
