Mator v. Wesco: Fiduciary Breach Claims Over 401(k) Fees Move Forward

Mator v. Wesco involved claims that Wesco and its retirement-plan fiduciaries allowed excessive recordkeeping fees and failed to obtain competitive pricing. The Third Circuit vacated the dismissal, finding that meaningful comparisons with other plans could plausibly support a prudence claim and that ERISA does not require perfectly matched 'apples-to-apples' comparators.

Original article:https://www.whitcomblawpc.com/business-law-blog/mator-v.-wesco-fiduciary-breach-claims-over-401k-fees-move-forward