Auto Repair Employees File Excessive Fees Suit Against Small 401(k) Plan

Mealey's (June 6, 2016, 12:14 PM EDT) -- MINNEAPOLIS — Participants and beneficiaries of an auto body repair shops owner’s 401(k) profit-sharing plan that had $9.2 million in assets on May 18 filed a putative class action seeking to recover financial losses suffered by the plan for allegedly paying excessive fees to third-party providers (Debbie Damberg, et al. v. LaMettry’s Collision Inc., et al., No. 16cv1335, D. Minn.).

(Complaint available. Document #54-160608-041C.)

Debbie Damberg and Tony Severson, as representatives of a class of similarly situated persons, sued LaMettry’s Collision Inc., the plan’s sponsor, and...
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