Bench Trial Yields Ruling Against Class In ERISA Target Risk Funds Challenge

(June 26, 2024, 8:56 AM EDT) -- SEATTLE — Ruling against a class of Milliman Inc. retirement plan participants after an eight-day bench trial, a Washington federal judge concluded that retaining three “target risk” funds in the plan “was both procedurally and substantively prudent” and the class didn’t “offer a plausible estimate of any loss suffered by the Plan.”...