October 31, 2025
A plumbing supply company has agreed to pay $1.8 million to close a suit claiming it allowed its $2.6 billion retirement plan to be bogged down by excessive management fees and pricey investment funds, according to a California federal court filing.
May 30, 2025
A California federal judge tossed two workers' claims that a plumbing supply company illegally used abandoned funds in its retirement plan to pay down its own contributions instead of offsetting expenses for plan members, ruling they couldn't slip the new allegations into an amended complaint.