Wisconsin Court Ruling on Deere & Co.’s Case Makes Case for Brokerage Windows, Says Susan Hoffman

"Brokerage Window Shatters Claim of Excessive 401(k) Fees," HR News

This article discusses the recent dismissal of a claim that Deere & Co.’s 401(k) plan fees were too high. Because there was large variance among the funds available through the plan’s brokerage window, the court decided employees had control over their expenses through the plan. Littler'sattorney Susan Hoffman remarked that the ruling is “very favorable to defendants” and should encourage employers to place brokerage windows in 401(k) plans.  She also notes the importance of information and guiding principals. "The more information that gets into employer fiduciary hands, the better," Hoffman says.

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