Loan & Distribution Specialist AimPoint Pension
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AimPoint Pension
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Chevron Hit with Lawsuit Over 401(k) Plan Fees
Bloomberg BNA Feb. 19, 2016
"The lawsuit, filed Feb. 17 by St. Louis-based Schlichter, Bogard & Denton, attacks Chevron's decision to include a Vanguard-sponsored money market fund in its 401(k) plan instead of a lower-cost and better-performing stable value fund. The suit also argues that Chevron should have considered separate accounts, collective trusts and lower-fee versions of the same Vanguard funds it included in the plan."
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