富达投资解决了超过401（k）计划的集体诉讼，价格为1200万美元

忠诚Investments has consented to pay $12 million to settle two class action employee lawsuits. The plaintiffs contend that the retirement plan provider was self-dealing in the FMR LLC Profit Sharing Plan and making money at their expense by offering employees high-cost fund options and making them pay excessive fees.

Over 50,000 ex- and present employees are eligible to receive from the settlement. Fidelity is accused of providing just its own funds in the retirement plan for its workers, with certain investment options having little (if any) track record, while failing to use an impartial process when choosing the investment options.

作为协议的一部分，Fidelity Investments现在将为员工提供非前保和忠诚共同基金的选择，将自动注册额提高到7％，并允许非忠实共同基金的参与者从收入共享中受益，就像参与者一样富裕共同基金和集体信托。该公司还将继续提供默认投资替代方案，即Fidelity Freedom Funds级。将免费提供工作计划的投资组合咨询服务。

尽管定居，该公司仍在否认这些指控。公司发言人说，富达选择解决此案以避免诉讼费用负担。

In another 401(K) lawsuit, this one alleging fiduciary breach, the U.S. Supreme Court has agreed to weigh in. The complaint revolves around whether an employer violated its fiduciary obligation when selecting retail funds, rather than less costly institutional share classes. The lawsuit, Glenn Tibble v. Edison International, was filed seven years ago. It is one of the first group employee complaints against an employer alleging unreasonable 401(k) fees.

Edison被指控提供大约40个共同基金，包括零售股票基金，即使有昂贵的机构可用。原告说，这些资金采用了收入分担，这使爱迪生向其记录守护者支付较少的费用。

2010年，原告在其中的三项资金中获得了370,732美元的损害赔偿。然而，双方都继续为费用而战，他们的争议进入了美国第9巡回上诉法院，现在是美国最高法院。

现在，最高法院要求美国副检察长唐纳德·韦里利（Donald B. Verrilli Jr.维利利（Verrilli）表示，即使限制法规要求在涉嫌违反的六年内提出违反信托义务索赔的行为，计划受托人在该时间段以外仍有持续的义务来评估计划投资并摆脱那些是的投资“毫不留信。”最高法院将决定是否提起诉讼。

立即与Shepherd Smith Edwards和Kantas Ltd LLP联系我们的401K欺诈律师。

忠诚quietly settles employee lawsuits，投资新闻，2014年8月12日

Glenn Tibble诉Edison International

更多博客文章：
Supreme Court to Rule on Whether Employee Can Sue for 401K Losses，股票经纪人欺诈律师，2007年11月30日
U.S. Supreme Court Decides That 401(k) Retirement Participants Can Sue for Losses Under ERISA，股票经纪人欺诈律师，2008年2月20日