Litigation alleging excessive fees in retirement plans is heating up, says The National Law Journal (subscription required), a sister ALM publication. A claim for excessive fees in 401(k) plans is reportedly "like the newest toy in the toy box" for the plaintiff's bar.
I've previously written about these lawsuits and suggested that the federal government's Thrift Savings Plan could provide a good model for companies seeking a suit-resistant retirement plan. When it comes to low fees, the TSP, with its selection of inexpensive index funds, is hard to beat.
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