October 18, 2024
A Michigan federal judge tossed a former employee's proposed class action claiming Pfizer Inc. let its $21 billion retirement plan be overcharged for recordkeeping fees, crediting the pharmaceutical giant's arguments that the case was only supported with "apples-to-oranges" comparisons.
August 09, 2023
Pfizer Inc. told a Michigan federal judge Tuesday an excessive retirement plan fee suit is fatally flawed because the pharmaceutical giant's employees "cannot identify even a single comparable plan" that charged lower recordkeeping fees.
June 09, 2023
Pfizer and its board of directors have been mismanaging the company's $22 billion defined contribution employee pension plan by failing to make sure the administrative and record keeping fees were reasonable, according to a proposed class action filed Thursday in Michigan federal court.