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Suit over removal of gold-heavy fund from Columbia 403(b) fizzles
The plaintiff allegedly lost $24,000 when the fund was removed from the plan and his assets were transferred to a target-date fund.
State Street sued over 401(k); Columbia settles for $13 million
The State Street plan did not include the lowest-cost share classes of the Target Retirement Securities Lending series, and there were some options from third parties with stronger performance records, according to the complaint.
Columbia, IBM settle 401(k) lawsuits
Plaintiffs alleged that IBM failed in its fiduciary duty to participants by not protecting them from stock losses that resulted from an unprofitable chip manufacturing unit.
