State Farm hit with excessive fees suit over target date funds
Plaintiffs accuse firm of receiving almost half of the management fees while a sub-adviser did most of the work.
Two investors have filed a lawsuit against State Farm Investment Management Corp., alleging that the firm violated its fiduciary duty by charging excessive fees on its line of LifePath target date funds.
The investors, Amy Ingenhutt and Teresa Odell, who are seeking relief on behalf of all sharehold
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