October 31, 2022
An international food and nutrition company has agreed to pay $900,000 to resolve a suit alleging it violated federal benefits law by failing to use the size of its workers' $444 million 401(k) plan to negotiate lower plan management fees, according to a Monday court filing.
September 19, 2022
International food and nutrition company Kerry Inc. has agreed to end a proposed class action alleging it failed to properly monitor its $444 million 401(k) plan and allowed it to pay unreasonably high fees, according to filings in Wisconsin federal court.