"Santomenno v. John Hancock" ERISA fiduciary breach "excessive fee" "Third Circuit" Maserati "big menu" "small menu"

I wanted to comment at least briefly, or more accurately thematically, on the Third Circuit’s decision last week in Santomenno v. John Hancock, in which the Court held that John Hancock’s role as an advisor and service provider for a company 401(k) plan, by which it helped select fund options and administer participant investments