Retirement plan administrator settles 401(k) suit with own employees - Business Insurance

June 30, 2016 by rfg



Retirement plan administrator settles 401(k) suit with own employees
Business Insurance
Transamerica Corp. has agreed to settle an excessive-fee lawsuit with participants in its own 401(k) plan for $3.8 million. Plaintiffs in the suit, Lequita Dennard et al. v. Transamerica Corp. et al., allege breach of fiduciary duty under the Employee ...