Baystate Health Retirement Plan Recordkeeping Fees Complaint

November 17, 2022

Those responsible for retirement plans have a duty to exercise the “care, skill, prudence, and diligence” of a prudent person in their plan management. The complaint for this class action brings suit against Baystate Health, Inc. and the its Board of Directors, alleging they did not fulfill their fiduciary duty to the Baystate Health, Inc. Retirement Plan because they hired and maintained a company to perform recordkeeping that charged excessive fees.