$2.5M Class Settlement Would Be Almost 17% Of Max Damages, ERISA Plaintiffs Say

( December 6, 2024, 11:07 AM EST) -- OAKLAND, Calif. — Plaintiffs challenging a 401(k) plan’s record-keeping fees and fund offerings under the Employee Retirement Income Security Act have asked a California federal court for preliminary approval of a $2.5 million class settlement they say works out to about 16.86% of their “maximum possible damages.”...