$8.25M Class Settlement Wins Initial OK In ERISA Recordkeeping Fees Row

( May 14, 2025, 8:02 AM EDT) -- BOSTON — An Employee Retirement Income Security Act suit over allegedly excessive recordkeeping fees would be resolved under a proposed $8.25 million class settlement that a Massachusetts federal judge granted preliminary approval; the plaintiffs say the deal would represent 20% to 30% of their estimated “maximum potential damages.”...