Prime Healthcare Lacked Oversight Of 401(k) Plan, Judge Told

By Craig Clough (April 9, 2024, 10:42 PM EDT) -- An attorney who specializes in Employee Retirement Income Security Act litigation testified on Tuesday as the first witness in a California bench trial for two certified classes claiming Prime Healthcare Services Inc. poorly managed their 401(k) plans, and said the company's oversight of its investment committee was "almost a dereliction of duty."...

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