NEW YORK - A 401(k) plan participant failed to sufficiently plead that the plan fiduciaries breached their fiduciary duties by imprudently selecting and monitoring the plan funds and by allowing excessive fees and expenses to be charged, the Second Circuit U.S. Court of Appeals affirmed March 6 in an unpublished opinion (Bruce Laboy v. Board of Trustees of Building Service 32 BJ SRSP, et al., No. 12-3401, 2nd Cir.; 2013 U.S. App. LEXIS 4549; See March 2012, Page 9)....(read more)![]()
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