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Genworth Urges Fourth Circuit to Decertify 401(k) Class
USA Herald Link to more items from this source
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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