September 05, 2019
Attorneys for a class of employees who obtained a $24 million settlement with an Anthem Inc. subsidiary over claims the company saddled its multibillion-dollar 401(k) plan with excessive fees and stuffed it with poor investment options can take home $8.4 million in fees and expenses, an Indiana federal judge has ruled.
July 08, 2019
Attorneys for a group of employees who sued an Anthem Inc. subsidiary over its multibillion-dollar 401(k) plan's fees and investments asked an Indiana federal judge Friday to award them $7.8 million in fees after they reached a $24 million settlement.
April 08, 2019
An Anthem subsidiary has agreed to pay nearly $23.7 million to settle allegations that it mismanaged its multibillion-dollar 401(k) plan by letting participants pay excessive fees and invest in a poorly performing money market fund.
February 20, 2019
An Anthem Inc. subsidiary has agreed to settle an Employee Retirement Income Security Act suit brought by participants in a multibillion-dollar 401(k) plan who claimed they were charged excessive fees and saw their savings steered into a money market fund that suffered steep losses.
January 31, 2019
An Anthem Inc. subsidiary lost its bid in Indiana federal court for a quick win in an Employee Retirement Income Security Act class action alleging that the company let its 401(k) plan pay excessive fees and offered plan participants a lousy investment option.
January 29, 2019
An Indiana federal judge will allow participants in a 401(k) plan affiliated with Anthem Inc. to proceed as two subclasses on their allegations that the plan paid excessive fees, modifying her initial class certification order rejecting the proposed class for those claims.
September 14, 2018
An Indiana federal judge on Friday said a group of participants in a 401(k) plan affiliated with Anthem Inc. can proceed as a class with claims that the plan's administrators made a faulty investment in a money market fund that caused substantial losses, but she rejected a second proposed class.