The United States Court of Appeals recently shed light on when and under what conditions a plaintiff may seek a monetary recovery under § 502(a)(3) of the Employee Retirement Income.
The deal would boost Franklin’s defined contribution asset management to $90 billion in AUM, while Great-West, parent of Empower, will gain a stake in Franklin.
Seventh Circuit joined the Sixth in sustaining dismissal of class action in case where plaintiff challenging fees and investments of Oshkosh Corp. subsidiary’s 401k plan. Emphasizes alignment with Sixth Circuit’s reasoning CommonSpirit Health, rejected challenges plan fiduciaries