401(k) $39.8M Target Date Funds Class Settlement Granted Final Approval

Mealey's (March 11, 2021, 11:52 AM EST) -- ATLANTA — A federal judge in Georgia on March 8 granted final approval of a $39,800,000 settlement to be paid by an investment manager ending breach of fiduciary duty claims brought by 401(k) plan participants against their company and the plan investment manager over investment choices for the target date funds (TDFs)....