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Aon Hewitt Investment Consulting, Lowe's 401(k) Plan Latest Target of ERISA Lawsuit
planadviser; registration may be required
May 7, 2018
"According to the text of the complaint, defendants placed $1 billion of the Lowe's 401(k) plan's assets into the [Hewitt Growth Fund]. At least some of the money, plaintiffs allege, was inappropriately reallocated from eight existing funds in the plan, 'which were generally performing well,' when the Hewitt Growth Fund replaced these options on the investment menu.
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