March 16, 2026
A Virginia federal judge reversed class certification in a lawsuit claiming an electric utility trade group let its 401(k) plan be charged inflated administrative fees, pointing to the Fourth Circuit's recent decision in a separate case that unwound class status based on the varied performance of individual accounts.
March 06, 2026
A Virginia federal judge on Friday agreed to certify a group of participants in a 401(k) plan for employees of the National Rural Electric Cooperative Association, an electric utility trade group, on claims that their retirement savings were dragged down by excessive administrative fees.