SEI Investments To Pay $6.8M To End ERISA Suit
By Hannah Albarazi ( July 26, 2019, 10:05 PM EDT) -- Accused of packing a 401(k) plan with company-affiliated funds that performed poorly for investors, financial services company SEI Investments agreed Friday to settle a proposed Employee Retirement Income Security Act class action for $6.8 million and will require the plan's investment committee to undergo training on ERISA's fiduciary duties....
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