Page 436 - DCAC February 2024 Files
P. 436
2023 Excess Fee and Investment Imprudence Claims, by Type
Excessive Recordkeeping Fees 28
Excessive Investment Fees 17
Imprudent Investment Claims 23
Wrong Share Class 11
High Fee/Underperformance of Active TDFs 10
Excess Float Income 9
Proprietary Funds 7
Forfeiture Claims 5
Excessive Managed Account Fees 1
Self-Dealing 1
0 5 10 15 20 25 30
Source: Encore Fiduciary, independent fiduciary liability insurance provider.
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