NFP, Natixis targeted in 401(k) lawsuits
At the heart of NFP case is the flexPath target-date series, which was added to Wood Group plan in 2016, when it was essentially brand new. Schlichter Bogard & Denton brought the case.
A new 401(k) lawsuit is targeting NFP Retirement, its flexPath subsidiary and a plan sponsor over the use of proprietary investments that had higher costs than third-party options.
The Feb. 16 class-action suit is brought by Schlichter, Bogard & Denton, the firm with the longest history of 4
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