May 15, 2024
A health system agreed to pay $800,000 to end a proposed class action accusing it of failing to remove costly and underperforming investment funds from its $1.7 billion retirement plans, a filing Wednesday in Minnesota federal court said.
November 15, 2023
A Minnesota health system struck a deal to end a proposed class action alleging it failed to cut costly and underperforming investment funds from its $1.7 billion-strong retirement plans, costing about 31,000 beneficiaries millions in retirement savings.