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Nextep Settles Case Alleging 401(k) Plan Mismanagement for $1.1 Million
Pensions & Investments
July 14, 2022 "The plaintiffs filed a class-action suit in March 2021 alleging that the defendants failed to reduce plan expenses and failed to assess the prudence of each investment option in the plan's lineup. They also maintained that the defendants didn't control administrative and record-keeping expenses." [Loomis v. Nextep, No. 21-0199 (W.D. Okla. motion for approval of settlement agreement filed Jul. 8, 2022)] MORE >> |
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