Konica Minolta Hit With Class Action Lawsuit Over 401K Fees and Investments.

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Tonernews.com, June 18, 2020. USA
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    jim
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    Konica Minolta Hit With Class Action Lawsuit
    Over 401K Fees and Investments.
    Management technology company Konica Minolta Business Solutions USA Inc. is the latest employer to be sued over its 401(k) plan fees, after four plan participants on Thursday filed a proposed class action in New Jersey federal court
    The lawsuit challenges 13 investment options offered by Konica’s $800 million 401(k) plan. These investments allegedly carried higher fees than comparable alternatives without providing superior performance. By offering these investments instead of better, cheaper alternatives, Konica plan fiduciaries cost participants millions of dollars in lost retirement savings, the lawsuit claims.
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    June 18, 2020 at 11:14 AM
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