Wells Fargo Hit With ERISA Suit Over $40B 401(k) Plan

By Danielle Nichole Smith (March 16, 2020, 4:44 PM EDT) -- Wells Fargo & Co. has been hit with a proposed class action accusing the financial services company of mismanaging its $40 billion 401(k) plan by steering more than $5 billion of its workers' retirement savings into proprietary funds that have cost them $100 million in losses....

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