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J.P. Morgan Faces Second Lawsuit Alleging Self-Dealing in 401(k) Plan
Pensions & Investments Link to more items from this source
Mar. 7, 2017

" 'Rather than engage in systematic, arm's length review of available plan investment options, J.P. Morgan sought out investment options that allowed its affiliates and business partners to reap outsized fees,' said the lawsuit ... The lawsuit alleged that half of the 401(k) plan's investment options were affiliated with J.P. Morgan and another 20% were BlackRock Inc. options. BlackRock is not a defendant."  MORE >>

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