UnitedHealth Group coughs up $69 million for poor-performing funds in its 401(k) plan lineup

UnitedHealth Group coughs up $69 million for poor-performing funds in its 401(k) plan lineup

UnitedHealth Group will pay $69 million to settle a class action suit related to low-performing investments in its 401(k) plan linked to...
4 days ago
from: Pensions & Investments

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401(k), Employee Retirement Income Security Act of 1974, Investment fund, Settlement, UnitedHealth Group, Wells Fargo
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from: Law.com
- UnitedHealth Group agrees to $69 million settlement over low-performing retirement plan options
Judge previously ruled a jury could find the Minnesota-based company was caught with its 'hand in the cookie jar' by plaintiffs in the case.
from: Star Tribune
- UnitedHealth Group agrees to $69 million settlement over low-performing retirement plan options
UnitedHealth Group agreed to pay $69 million to settle a class-action lawsuit from an employee who alleged the health care giant offered...
from: Red Lake Nation News
- UnitedHealth agrees to $69M settlement in lawsuit over ‘low-performing’ 401(k) funds
The lawsuit alleged UnitedHealth CFO John Rex interfered with the company's decision to drop "one of the worst-performing target date...
from: BenefitsPro
- UnitedHealth reaches settlement in ERISA class action case
UnitedHealth Group Inc has agreed to a $69 million settlement to resolve allegations that it breached fiduciary duties under the Employee...
from: Insurance Business America
- UnitedHealth Group coughs up $69 million for poor-performing funds in its 401(k) plan lineup
UnitedHealth Group will pay $69 million to settle a class action suit related to low-performing investments in its 401(k) plan linked to...
from: Pensions & Investments
- BREAKING: UnitedHealth To Pay $69M In Suit Over 401(k) Fund Roster
UnitedHealth Group has agreed to pay $69 million to settle a class action claiming it included low-performing investment options in its...
from: Law360
- UnitedHealth Group agrees to $69 million settlement in 401(k) suit
UnitedHealth Group will pay $69 million to settle a class-action lawsuit brought by an employee alleging mismanagement of their 401(k) plan.
from: InsuranceNewsNet
- UnitedHealth Group Agrees to Historic $69 Million 401(k) ERISA Settlement
UnitedHealth Group has agreed to pay $69 million to settle an ERISA class action litigation, Snyder v. UnitedHealth Group, et al, it was...
from: 401k Specialist
- UnitedHealth Group Settles 401(k) Fund Complaint For $69 Million
After more than three years of litigation, UnitedHealth Group Inc. has agreed to a $69 million settlement in a class action lawsuit...
from: plansponsor
- UnitedHealthcare Reaches $69M Settlement in ERISA Class Action
Plaintiffs counsel said it is believed to be the largest ever reached in a case stemming from poor performance of a 401(k).
from: Law.com