March 16, 2023
Boston Children's Hospital can't avoid a proposed class action alleging that it allowed costly investment options and excessive recordkeeping fees to plague its $1.1 billion retirement plan, with a Massachusetts federal judge ruling that the plan participants have plausibly claimed the hospital violated federal benefits law.
April 08, 2022
The Boston Children's Hospital told a federal judge to throw out a proposed class action alleging former employees paid exorbitant recordkeeping fees on the retirement plan, arguing that the plan's costs weren't excessive and the workers didn't suffer any losses.
January 19, 2022
Boston Children's Hospital drained the pockets of its former employees by having them pay sky-high record-keeping fees on its retirement plan while also pushing them to invest in a suite of expensive, underperforming mutual funds, former employees said in a class action filed Tuesday.