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Fund Companies Sued by Their Own Employees Over Pricey 401(k) Plans
Barron's
Oct. 22, 2018
"Corporate 'self-dealing' isn't allowed when setting up and running employee pension plans. But a wave of lawsuits accuse fund companies (and others) of filling employees' pool of 401(k) retirement investments with their own funds and charging excessive fees for them, using the pension plans as corporate cash cows and putting the firms' financial interests ahead of those of their employees."
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