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Genworth Urges Fourth Circuit to Decertify 401(k) Class
USA Herald 
May 7, 2025 "Genworth Financial has called on the Fourth Circuit Court of Appeals to disband a class of 4,000 retirement plan members who claim that underperforming BlackRock target-date funds (TDFs) significantly impacted their savings.... The company emphasized that some plan participants actually benefited from BlackRock TDFs, and thus, the case requires an individual assessment for each account[.]" [Trauernicht v. Genworth Fin., Inc., No. 22-0532 (E.D.Va. May 29, 2024; on appeal to 4th Cir. No. 24-220)] MORE >> |
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