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Lawsuit Accuses H-E-B of Mismanaging Employee Retirement Plan
Rivard Report
Sept. 5, 2019 "Brought by two plan participants and filed Tuesday in U.S. District Court in San Antonio, the lawsuit accuses San Antonio-based H-E-B of not monitoring and controlling plan expenses and allowing it to become one of the most expensive 'jumbo' 401(k) plans in the country. In 2017, the H-E-B Savings & Retirement Plan had about $2.5 billion in assets. More than 67,500 current and former H-E-B employees were part of the plan at that time." [Mongtomery v. H.E. Butt Grocery Co., No. 19-1063 (W.D. Tex. complaint filed Sept. 3, 2019)] MORE >> |
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