$5M Deal Gets Final OK, With Trimmed Awards, In ERISA Fees, Funds Case

( April 17, 2025, 2:26 PM EDT) -- PHILADELPHIA — A $5 million class settlement including an agreement to conduct requests for proposals (RFPs) has been granted final approval in an Employee Retirement Income Security Act suit challenging a multiemployer retirement plan’s fund choices, share classes and record-keeping, but a Pennsylvania federal judge awarded reduced incentive awards and attorney fees of $1,000 and $950,000, respectively, instead of the $8,000 and $1,666,500 requested....