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401(k) Lawsuits Get More Complex
InvestmentNews; subscription may be required Link to more items from this source
Oct. 4, 2019

"[P]articipants in its $3.2 billion 401(k) plan ... [alleged] that [Community Health Systems Inc.] acted imprudently in retaining an index mutual fund given its tracking error, a reference to how closely the fund tracks a market index like the S&P 500.... Other recent cases ... made the argument that plan sponsors shouldn't allow record keepers to inappropriately use data such as contact information, account size and age to cross-sell proprietary non-retirement-plan-related products like insurance."

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