Latest in 401(k) litigation: Cap Group sued, MetLife to pay $4.5M settlement
Settlements and new cases continue as law firms claim asset managers did wrong by using their own products.
MetLife will pay $4.5 million to settle a lawsuit over the company’s 401(k) plan, according to court records filed Monday.
That amount will resolve a 2021 case alleging that the insurance company violated its fiduciary duty to plan participants by including in-house products on the 401(k) menu
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