Food Co. Shells Out $1.5M To End 401(k) Mismanagement Suit

By Kellie Mejdrich (April 5, 2024, 5:34 PM EDT) -- A California food manufacturer will pay $1.5 million to end a proposed class action alleging it loaded a $323 million employee 401(k) plan with excessive fees and costly, underperforming investment options, according to settlement details unveiled in federal court Friday....

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