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Aegon and Transamerica Settle Participant Excessive Fee Suit
PLANSPONSOR; registration may be required Link to more items from this source
June 30, 2016

"The original complaint suggested that the defendants burdened the plan with layers of superfluous fees; that the plan pays fees higher than its peers; and that the fees go mostly to Aegon, which serves as recordkeeper and investment manager for the plan through its Transamerica affiliates.... [T]he settlement will bring about structural changes in the way the company runs its retirement savings plan  -- and how it calculates fees. Payments will also be made to compensate class members."  MORE >>

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