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Great-West, Empower Targeted in Latest 401(k) Fee Suit
Bloomberg BNA 
Jan. 19, 2016
"According to the complaint, filed Jan. 14 in the U.S. District Court for the District of Colorado, Great-West's retirement plan business -- branded Empower Retirement -- receives kickbacks from the mutual funds it offers to 401(k) plans as part of an impermissible 'pay-to-play scheme' that drains money from plan participants' retirement savings.... If recent appellate court decisions are any indication, the participants bringing this suit may face an uphill battle in their quest to treat Great-West as a fiduciary under [ERISA]."
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