North Dakota’s Altru Health Sees Retirement Plan Lawsuit Trimmed

North Dakota’s Altru Health System must face a proposed class action challenging the fees and investments in its $358 million retirement plan after a federal judge trimmed several claims while allowing others to advance.

Plan participant Jana R. Rosenkranz is moving forward with challenges to the Altru plan’s record-keeping fees and the company’s alleged failure to offer the cheapest available share classes of certain investments. But claims that the plan could have lowered fees by offering collective trust version of certain funds or different funds altogether fail because they’re not based on appropriate comparisons, according to a Dec. 10 opinion ...