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212749P.pdf   10/12/2022  Daniel Matousek  v.  MidAmerican Energy Company
   U.S. Court of Appeals Case No:  21-2749
   U.S. District Court for the Southern District of Iowa - Central   
[PUBLISHED] [Stras, Author, with Shepherd and Erickson, Circuit Judges] Civil case - ERISA. Plaintiffs alleged their employer failed to properly manage and monitor the costs of the company's defined-contribution retirement plan; in the absence of significant allegations of wrongdoing, plaintiffs could only plead a breach of fiduciary duty with respect to managing recordkeeping costs and charging excessive fees by identifying similar plans offering the same services for less, but they failed to do so, and the district court properly dismissed the claim; plaintiff's reliance on industry-wide averages failed to provide a meaningful benchmark; the evidence plaintiffs provided failed to establish an inference of imprudence with respect to the fund's investments; the district court did not abuse its discretion by dismissing the complaint with prejudice.