July 22, 2025
A class of employees who participated in a Pennsylvania energy company's retirement plan have asked a federal judge to give final approval to an $8.2 million settlement resolving claims that the employees' 401(k) plans were mismanaged.
March 03, 2025
An energy company will pay $8.2 million to resolve a class action lawsuit claiming it failed to trim high cost and underperforming target date funds from its retirement plan, according to Pennsylvania federal court filings.
January 16, 2025
A Pennsylvania-based electricity and natural gas company agreed to settle a class action alleging it loaded its employee retirement plan with costly underperforming investment options, staving off a trial slated to begin this month.
March 13, 2024
Current and former employees of a Pennsylvania energy company were granted class status Wednesday in their suit alleging the business loaded its employee retirement plans with expensive, underperforming investment options for years, after a federal judge ruled the company couldn't escape the suit.