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Soulek v. Costco Wholesale Corporation et al
Case Number:
1:20-cv-00937
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 19, 2022
$5.1M Deal Ends Sweeping Costco ERISA Suit
A Wisconsin federal judge gave his blessing to a $5.1 million deal to resolve a class action alleging Costco cost its retirees millions by allowing its $15.5 billion 401(k) plan to invest imprudently and pay unreasonably high administrative fees.
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March 15, 2022
Costco Inks $5.1M Deal To End 401(k) Mismanagement Claims
A Wisconsin federal judge was asked Monday to sign off on a $5.1 million deal that ends putative class claims against Costco alleging the wholesaler violated federal benefits law by mismanaging a $15.5 billion 401(k) plan with more than 250,000 participants and beneficiaries.
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June 23, 2020
Costco Accused Of Mismanaging $15.5B 401(k) Plan
Costco Wholesale Corp. bungled its $15.5 billion 401(k) plan by authorizing excessive record-keeping fees and mismanaging the plan's investment portfolio in violation of the Employee Retirement Income Security Act, a Wisconsin man alleged in a proposed class action on Tuesday.