DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
151007P.pdf 01/08/2016 McCaffree Financial Corp. v. Principal Life Insurace Co.
U.S. Court of Appeals Case No: 15-1007
U.S. District Court for the Southern District of Iowa - Des Moines
[PUBLISHED] [Gruender, Author, with Riley, Chief Judge, and Bye, Circuit
Judge]
Civil case - ERISA. In action alleging defendant had charged plaintiff's
employees excessive fees for managing the employees' retirement plans in
violation of the defendant's fiduciary duties of loyalty and prudence
under sections 404(1)(1)(A) and (B) of ERISA, the district court did not
err in dismissing the complaint after determining that defendant's
enforcement of its contract with plaintiff did not implicate any fiduciary
duties; further, plaintiff failed to establish a connection between its
excessive fee allegations and any post-contractual duty defendant may have
owed the plan participants.