Aon Hewitt Ducks Some Claims In Safeway 401(k) Suit
Law360 (April 17, 2019, 5:56 PM EDT) -- A California federal judge on Tuesday trimmed allegations by Safeway workers that Aon Hewitt Investment Consulting Inc. mismanaged their retirement savings by keeping high-cost investment options in their 401(k) plan, saying some of the claims are too old to litigate.
In a 10-page order, U.S. District Judge Jon S. Tigar partially granted Aon Hewitt's summary judgment motion in former Safeway employee Maria Karla Terraza's Employee Retirement Income Security Act lawsuit, finding the consulting firm cannot be liable for its 2010 actions when it recommended that Safeway select the JPMorgan SmartRetirement Passive Blend funds for its employees' 401(k) plans because ERISA bars...
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