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Lowe's, Aon Hewitt Targeted Over $100M in 401(k) Losses
Bloomberg BNA 
May 1, 2018
"The proposed class action ... challenges Lowe's decision to move more than $1 billion in 401(k) assets into the Hewitt Growth Fund. The fund was untested -- with no large retirement plan investors and only $350 million in assets before the Lowe's plan's investment -- and performed worse than the funds previously in the company's 401(k) plan, the lawsuit claims. Both Lowe's and Aon Hewitt, which provides investment consulting services to the Lowe's plan, are accused of breaching their fiduciary duties under [ERISA]."
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