How Johnson v. Parker-Hannifin Impacts Professional Fiduciaries And 401k Plan Sponsors
Of Counsel Michelle Capezza was quoted by Fiduciary News in an article about the potential repercussions of the Johnson v. Parker-Hannifin case over alleged failures to correctly monitor investments, leading to high-cost share classes. Michelle discusses the case’s implications for professional fiduciaries and 401k plan sponsors.
Michelle says, "Plan investment advisers can play a key role in assisting plan sponsors and benefits committees in negotiating investment fee structures and share classes for plan investment options. A prudent diligence effort must be made to determine the reasonableness of fees and investment options for the size of the particular plan."
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