Ex-ThedaCare Worker Gets Boost in Retirement Plan Fee Challenge

Portions of a lawsuit challenging ThedaCare Inc.'s retirement plan fees should move forward under the Seventh Circuit’s latest pronouncements on the topic, a federal magistrate judge in Wisconsin recommended.

Former ThedaCare worker Joseph Glick properly alleged that the plan paid excessive fees for recordkeeping services, Magistrate Judge Stephen C. Dries of the US District Court for the Eastern District of Wisconsin said in a report issued Thursday. Glick’s allegations—that the ThedaCare plan paid much more than similar plans for these “highly price-competitive” services—satisfy the appeals court’s recently established pleading standard, Dries said.