Costco 401(k) Retirement Plan Breach of Fiduciary Duty Complaint

June 23, 2020

Company retirement plans are governed by the Employee Retirement Income Security Act (ERISA). The complaint for this class action claims, “The law is settled that ERISA fiduciaries have a duty to evaluate fees and expenses when selecting investments as well as a continuing duty to monitor fees and expenses of selected investments and remove imprudent ones.” The complaint alleges that Costco Wholesale Corporation, its Board of Directors, and the Costco Benefits Committee are fiduciaries of the Costco 401(k) Retirement Plan but do not fulfill their fiduciary duties in selecting and monitoring the investments available in the plan.

Case Event File: Costco 401(k) Retirement Plan Breach of Fiduciary Duty Complaint

Related to: Costco 401(k) Retirement Plan Breach of Fiduciary Duty Class Action