GE’s 401(k) lawsuit settlement has $61M price tag
Plaintiffs alleged the company ran afoul of the Employee Retirement Income Security Act by putting its own funds on the plan menu.
General Electric has settled a long-running lawsuit over the funds in its 401(k) plan for $61 million, one of the biggest settlements in ERISA litigation history.
Court records filed last Friday disclosed the amount, which the company had agreed to in August but which previously had not been rele
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