Retirement Plan Participant Asserts Kickback Scheme Related To Plan Investments

Mealey's (February 28, 2019, 4:18 PM EST) -- BOSTON — A participant in a retirement savings plan filed a class action complaint in a federal district court on Feb. 21 alleging that the plan’s service provider received kickback payments in connection with plan investments in violation of the prohibited transaction rules of the Employee Retirement Income Security Act and ERISA’s fiduciary rule (Andre W. Wong, et al. v. FMR LLC, et al., No. 19-10335, D Mass.)....

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