Tenth Circuit Dismisses Claims Related to High-Cost Funds, High Recordkeeping Fees
By EsqSocial Corporation 27/09/23
The U.S. Court of Appeals for the Tenth Circuit issued its decision in Matney v. Barrick Gold of North America, et al. on Sept. 6, 2023, finding that participants in an employer-sponsored defined contribution retirement plan cannot state a claim for breach of the duty of prudence in relation to high-cost funds or high recordkeeping fees absent allegations about suitable benchmark funds and recordkeeping fees of suitable benchmark plans....
By: Holland & Knight LLP