The Employee Retirement Income Security Act of 1974 (ERISA) requires plan fiduciaries to act prudently and loyally when making decisions about the plan. In Martin v. CareerBuilder, LLC, a federal district court held that the complaint’s allegations about expensive recordkeeping costs and imprudent investment options failed to give rise to an inference that the defendants violated their ERISA obligations.
Illinois Federal Court Dismisses ERISA Claims Against 401(k) Fiduciaries
By Richard J. Pearl and J. Christian Nemeth on August 5, 2020
