Federated Hermes sued over using own funds in its 401(k)
The company filled its retirement plan menu entirely with its own funds, some of which underperformed and had high fees, a plaintiff alleges.
A former Federated Hermes employee this week sued the company because it included its own funds in the company’s 401(k) plan.
The asset management firm is latest to be targeted by a plaintiff’s law firm over the issue of using in-house products rather than comparable funds from outside provid
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