Preliminary OK Sought For $1.75M Class Settlement In ERISA Fees, Funds Suit

Mealey's (May 19, 2022, 10:31 AM EDT) -- NEWARK, N.J. — Participants who filed a challenge to fees and funds in a health system’s defined contribution retirement plans under the Employee Retirement Income Security Act on May 16 moved in New Jersey federal court for preliminary certification of a non-opt-out settlement class and preliminary approval of a $1.75 million settlement under which each class member would receive at least $10....