Class Action Alleges Breach Of Fiduciary Duty For Fees Charged Ford Plan Accounts

Mealey's (November 16, 2016, 3:57 PM EST) -- DETROIT — Participants in three Ford Motor Co. retirement plans filed a putative class action complaint Nov. 9 in Michigan federal court that alleges that Xerox HR Solutions LLC allowed excessive fees to be charged on participant accounts in violations of its fiduciary duty under the Employee Retirement Income Security Act (Patrick Chendes, et al. v. Xerox HR Solutions LLC, No. 2:16-cv-13980, E.D. Mich., Southern Div.)....

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