Engineering Co. Agrees To $1.9M Deal To End ERISA Suit

By Abby Wargo (January 24, 2022, 7:45 PM EST) -- Workers and retirees who accused a construction engineering company of mismanaging their 401(k) plan told a Texas federal court that they had struck a $1.88 million deal to end the case.

The workers behind the proposed Employee Retirement Income Security Act class action asked U.S. Magistrate Judge Elizabeth S. Chestney on Friday for a preliminary green light for the settlement, in which San Antonio-based Zachry Holdings Inc. agrees to pay $1.875 million to thousands of 401(k) plan participants.

The workers claimed the company ran afoul of the federal benefits law by holding onto poorly performing investments and allowing the plan to pay...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!