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Companies that sponsor 401(k) plans prevailed this year in a couple of lawsuits filed by participants unhappy about plan fees. In the most important decision, the 7th Circuit Court of Appeals upheld a lower court’s dismissal of a class action lawsuit against Deere & Co. The case, Hecker v. Deere, is one of a number of suits filed against big companies by a St. Louis law firm, Schlichter Bogard & Denton, arguing plan sponsors breached their fiduciary duties by offering overly expensive investment choices or failing to disclose revenue-sharing arrangements.

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