Proving Prudence & Participant Loyalty: A Plan Committee Defends Itself
Diane Gallagher, Vice President, Client Marketing, American Century Investments
March 12, 2020
Employer-sponsored retirement plans have faced litigation over purported breaches of fiduciary duties. Nearly all the cases have been class-action suits which led to monetary settlements outside of court. However, when confronted with their own case, American Century Investments took a stand by taking the case to trial. Learn how the committee successfully defended itself by vowing to do what was right versus easy.