Excessive Fee Lawsuits Keep on Coming

We’re now one month into 2016, and on pace to see more excessive fee lawsuits this year than in any previous year.  Schlichter, Bogard & Denton out of St. Louis has filed yet another law suit against a retirement plan sponsor for imprudently selecting and retaining poorly performing mutual funds, allowing participants to be charged excessive record keeping fees, and prohibited transactions between the plan and a party in interest. Continue reading