Following Bench Trial On ERISA Claims In Colorado, Mixed Judgment Entered

Mealey's (May 22, 2020, 1:20 PM EDT) -- DENVER — In 136-page May 20 findings of fact and conclusions of law, a federal judge in Colorado sided with a plaintiff class on allegations that their employer charged excessive record-keeping fees, failed to monitor fiduciaries and engaged in prohibited transactions when it reimbursed some of its own expenses from 401(k) plan assets, causing $2.3 million in damages (Lorraine M. Ramos v. Banner Health, No. 15-cv-2556, D. Colo., 2020 U.S. Dist. LEXIS 88639)....