Small Plan Participant Files Excessive Fee Suit with Big Impact
A lawsuit has been filed regarding Voya charging excessive fees. "Having done some arguably flawed math, the plaintiffs extrapolate to the entire retirement plan universe serviced by Voya (some 47,000 plans), and claim that “based on the asset based fees charged to the Cornerstone Plan, Voya potentially earns over $1 billion a year in excessive compensation at the expense of the individual plans and their participants.” Click here to read more.
Source: NAPA Net