Mealey's (January 7, 2018, 8:41 PM EST) -- SANTA ANA, Calif. — The defendants in an Employee Retirement Income Security Act class complaint alleging mismanagement of a 401(k) plan that resulted in “outrageously high” expenses for plan participants have agreed to pay $12 million into a common fund and provide an independent consultant to review the investment opinions in the plan along with other prospective relief, according to a motion for preliminary settlement approval filed Dec. 26 in a California federal court (Aleksandr Urakhchin, et al. v. Allianz Asset Management, L.P., et al., No. 15-1614, C.D. Calif.)....