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Delta Air Lines 401(k) Participants Sue Fidelity Alleging Fiduciary Breach
Pensions & Investments Link to more items from this source
May 31, 2016

"The participants, who are seeking class-action status, alleged that Fidelity 'wanted a piece of the action' when Financial Engines was hired to provide investment advice for the Delta Family-Care Savings Plan, according to the complaint.... This arrangement 'inflated the price of investment advice services that are critical to the successful management of workers' retirement savings and violates (Fidelity's) fiduciary responsibility,' the complaint said."

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