$6.9M Settlement Gets Final OK In ERISA Imprudence Row Over Fees And Funds

( August 11, 2025, 8:26 AM EDT) -- CHICAGO — An Illinois federal magistrate judge granted final approval to a $6.9 million class settlement of an Employee Retirement Income Security Act suit involving recordkeeping fees and proprietary target date funds (TDFs); according to retirement plan participants, the gross amount is “approximately 12% to 38% of damages” estimated by their expert....

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