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.
212026P.pdf 09/02/2022 Frederick Rozo v. Principal Life Insurance Co.
U.S. Court of Appeals Case No: 21-2026
U.S. District Court for the Southern District of Iowa - Central
[PUBLISHED] [Smith, Author, with Colloton and Shepherd, Circuit Judges]
Civil case - ERISA. For the court's prior opinion in the matter holding
defendant was a fiduciary, see Rozo v. Principal Life Ins. Co., 949 F.3d
1071 (8th Cir. 2021). On remand, the district court found defendant had
not breached its fiduciary duties to participants in the Principal Fixed
Income Option 401(k) plan; the deducts defendant took were reasonable and
represented its reasonable expenses of administering the plan; the
district court did not clearly err in finding that the deducts were set in
the participant's interests; with respect to plaintiff's claim that
defendant engaged in prohibited self-dealing, defendant was exempt from
liability for receiving reasonable compensation.