$2.9M Class Settlement With Monitoring Boost Proposed In ERISA Fees, Funds Case

Mealey's (October 21, 2022, 9:48 AM EDT) -- BOSTON — Under a proposal to which the plaintiffs ask that a Massachusetts federal court grant preliminary approval, a $2.9 million payment plus agreement “to bolster the fiduciaries’ investment and service provider monitoring processes” would settle a putative class suit challenging fees and funds in jointly administered retirement plans....