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At the end of 2018, plaintiffs’ counsel began to test the waters with new theories. A handful of cases have been filed in recent months against plan sponsors that advisors and employers need to be aware of. (Photo: Shutterstock)

Litigation involving supposed “excessive fees” paid by participants in retirement plans shows no signs of slowing down in 2019. These cases generally involve claims that fiduciaries of 401(k) or 403(b) plans caused the participants to pay high administrative and/or recordkeeping fees or selected inappropriate investment options for the plan that underperformed or were more expensive than comparable funds.

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