Wesco Distribution Inc. on Monday defeated a lawsuit challenging the administrative fees and mutual funds in its $750 million retirement plan, but plan participants have two weeks to file an amended complaint, according to a ruling from a federal judge in Pittsburgh.
Wesco plan participant Robert Mator can’t maintain a challenge to the plan’s annual record keeping fees—allegedly between $159 and $194 per person—because he failed to explain what services the plan received in exchange for these fees and what services were received by the plans he says paid far less, Judge Marilyn J. Horan of the U.S. District Court ...