Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Franklin Resources Workers Sue Over In-House 401(k) Funds
Bloomberg BNA Aug. 1, 2016
"According to the newest class action complaint, Franklin Resources -- which does business as Franklin Templeton Investments -- invested hundreds of millions of its workers' retirement dollars in funds managed by the company and its subsidiaries, even though these funds carried fees between 57 and 1,100 percent higher than those of comparable funds offered by Vanguard. This decision caused them to lose more than $64 million in retirement savings, the workers allege."
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