401(k) Fee Lawsuit

December 16, 2014 at 12:24 pm Leave a comment

NPR published an article, “Lockheed Martin Case Puts 401(k) Plans On Trial” by Jim Zarroli located at http://www.npr.org/2014/12/15/370794942/lockheed-martin-case-puts-401-k-plans-on-trial. The story discusses a lawsuit against a company for allegedly including excessive fee funds in their retirement plan and allowing their record-keeper to charge exorbitant fees on their retirement plan.  The situation underscores the importance of reasonable fees.  Plan sponsors are responsible for confirming that the fees their investment funds and service providers charge are justified.

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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