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Insperity Must Face Lawsuit Over 401(k) Fees, Funds
Bloomberg BNA
Mar. 9, 2017
"The eight-count lawsuit attacks the management of Insperity's $2 billion 401(k) plan, which participants claim offered expensive and poorly performing investment options and paid excessive fees to a record keeper affiliated with the company. A federal judge on March 7 refused to dismiss most of the claims against Insperity and Reliance Trust Co., including the accusation that Insperity filled the 401(k) plan with untested target-date funds that earned fees for the company."
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