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UnitedHealth Inks $69 Million Deal Over Wells Fargo 401(k) Funds
Bloomberg Law; subscription required 
Dec. 13, 2024 "UnitedHealth Group Inc. agreed to pay $69 million to settle a class action challenging the use of Wells Fargo & Co. target date funds in its $15 billion 401(k) plan. The deal is 'the largest-ever ERISA settlement alleging breach of fiduciary duty for failure to remove underperforming investment options,' according to a motion ... seeking its approval." [Snyder v. UnitedHealth Group, No. 21-1049 (D. Minn. proposed settlement filed Dec. 13, 2024)] MORE >> |
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