401(k) lawsuit alleges excessive adviser compensation
The defendants did not appear to solicit competitive bids for record-keeping services and allowed funds with high revenue-sharing to compensate service providers, according to the complaint.
A comprehensive lawsuit filed this week against large AAA member groups alleges that plan participants overpaid for years for investments and services, including compensation to Wells Fargo and Captrust.
In an 81-page class-action complaint filed Tuesday in U.S. District Court in the Western Dist
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