$19M Deal In ERISA Row Over Proprietary Funds Wins Preliminary Approval

(March 6, 2024, 10:55 AM EST) -- NEW YORK — A New York federal judge on March 5 granted preliminary approval of a $19 million class settlement in an Employee Retirement Income Security Act suit challenging the use of proprietary investments in two New York Life Insurance Co. 401(k) plans and use of a stable value fund as the default investment....

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