Voya targeted in 401(k) fee suit hinging on relationship with Financial Engines
Voya allegedly took a "substantial portion" of the fee charged for investment advice, even though Financial Engines did the bulk of the work.
Voya Financial Inc. has been targeted for self-dealing in a new 401(k) lawsuit centering on the provider's relationship with managed-account provider Financial Engines Inc.
A participant in the Nestle 401(k) Savings Plan, for which Voya serves as record keeper, alleges Voya devised an arrangement w
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