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Lawsuit Accuses H-E-B of Mismanaging Employee Retirement Plan
Rivard Report Link to more items from this source
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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