Participants in Anthem’s 401(k) plan who allege they paid too much in fees on Vanguard mutual funds and target-date funds face an uphill battle proving as much, say two prominent legal consultants to plan sponsors and providers.
“Nothing in the claim says Anthem fiduciaries engaged in self-dealing,” said Thomas Clark, an ERISA specialist at The Wagner Law Group.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
