Some Limited Trouble with Tibble? – Supreme Court Agrees to Hear Excessive-Fee Case Involving 401(k) Plan

October 07, 2014

The U.S. Supreme Court granted certiorari on October 2, 2014 in the case of Tibble v. Edison International, for the narrow purpose of reviewing the holding by the Ninth Circuit Court of Appeals that the statute of limitations under the Employee Retirement Income Security Act of 1974 (“ERISA”) barred the plaintiffs’ claims. Tibble is one of a number of cases in which plaintiffs have alleged that fiduciaries of 401(k) and similar plans imprudently or otherwise improperly permitted excessive fees or fee structures to be imposed under mutual funds offered as investment alternatives under plans.

Read "Some Limited Trouble with Tibble? – Supreme Court Agrees to Hear Excessive-Fee Case Involving 401(k) Plan."