February 14, 2020
A Massachusetts federal judge tossed a proposed class action by a T-Mobile USA Inc. employee who accused the manager of the company's 401(k)plan, Fidelity, of operating a so-called pay-to-play scheme in violation of the Employee Retirement Income Security Act, with the judge finding the worker couldn't show the companies acted like fiduciaries.
February 22, 2019
A T-Mobile USA Inc. employee enrolled in the company's Fidelity-managed 401(k) plan has accused the financial services company of violating the Employee Retirement Income Security Act by making mutual funds pay kickbacks in order to stay on the plan's roster of investment options.