Mercedes-Benz Retirement Plan Breach of Fiduciary Duties ERISA Complaint

January 15, 2021

The Employee Retirement Security Income Act (ERISA) was intended to protect people who have private retirement plans with their companies. Those who are in charge of those plans have fiduciary duties towards the participants and beneficiaries, including a duty to make sure the fees and expenses of those plans are reasonable. This class action brings suit against defendants Mercedes-Benz International, Inc., its board of directors, and its retirement plan committee over their handling of the Mercedes-Benz International, Inc. Retirement and Savings Plan.