Groom principal and co-chair of the firm’s litigation group, William Delany, argued before the Eighth Circuit in Ohnemus v. Telephone & Data Sys., Inc., as covered by Bloomberg Law in the article “Judge Questions High Court ERISA Plans During 401(k) Arguments.”
While before the court on behalf of Telephone & Data Sys., Inc., Delany was asked about potential U.S. Supreme Court rulings “on the standard for challenging 401(k) fees under [ERISA].” Delany responded, “the justices were reviewing a petition that would allow them to address the ‘meaningful benchmark’ standard some courts use to assess ERISA claims involving retirement plan investments or fee structures.” In another section, the article covers Delany’s argument “defending the district court’s reliance on Forms 5500” to assess the 401(k) plan’s fee levels.
To read the article, click here.
