Ubiquity Retirement + Savings
Benefit Comply, LLC
DWC - The 401(k) Experts
ftwilliam.com / Wolters Kluwer
The Ryding Company
Nexus Administrators, Inc.
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|Excessive Plan Fees Cost Companies $31.6M|
Aug. 22, 2010
Excerpt: Caterpillar, Inc., just agreed to pay $16.5 million to settle an excessive fee lawsuit in federal court, and General Dynamics Corporation just agreed pay $15.1 million to settle a similar lawsuit. Both companies were charged with running 401(k) plans that charged participants excessive investment fees.
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