Nemours Foundation Retirement Plan Breach of Duty of Prudence Complaint

February 6, 2023

The Nemours Foundation offers its employees a retirement plan, the Nemours Foundation Section 403(B) plan. The complaint for this class action alleges that Nemours has breached its fiduciary duty of prudence, by causing the plan to pay excessive administrative fees and by not choosing the investment share classes that have the lowest expenses. According to the complaint, Nemours has violated the Employee Retirement Income Security Act (ERISA).