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STEVENS v. SEI INVESTMENTS COMPANY et al
Case Number:
2:18-cv-04205
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 26, 2019
SEI Investments To Pay $6.8M To End ERISA Suit
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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May 16, 2019
SEI Investments Strikes Tentative Deal To End ERISA Suit
SEI told a Pennsylvania federal court that it has agreed to a settle a proposed Employee Retirement Income Security Act class action accusing the financial services company of packing its 401(k) plan with company-affiliated funds that performed poorly for investors but generated a landslide of fees.