After Bench Trial, Judge Gives Plan Sponsor Win In ERISA Imprudence Row

( August 13, 2025, 1:53 PM EDT) -- WINSTON-SALEM, N.C. — Following a four-day Employee Retirement Income Security Act bench trial in a suit over a retirement plan’s recordkeeping fees and share classes, a North Carolina federal judge on Aug. 12 found not only that the class of more than 55,000 participants didn’t establish any breach of the plan sponsor’s fiduciary duty of prudence but also that the sponsor’s process was prudent....