$3.5M Settlement In ERISA Imprudence Suit Over TDFs, Another Fund Gets Initial OK

Mealey's ( May 28, 2024, 3:37 PM EDT) -- GREENSBORO, N.C. — A North Carolina federal judge on May 24 granted preliminary approval of a $3.5 million class settlement to resolve retirement plan participants’ Employee Retirement Income Security Act suit challenging the use of target-date funds (TDFs) and another investment option....