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Xerox Corp. has agreed to settle a 401(k) lawsuit with plaintiffs who alleged plan fiduciaries mismanaged the retirement plan by passing on to participants excessive fees for recordkeeping services, Plansponsor reports. Xerox will pay the $4.1 million gross settlement amount into a common fund established for the benefit of the settlement class.
1. Hackers leak stolen data from Change Healthcare on dark web
2. Hacking group Ransomhub claims to have stolen UnitedHealth data
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Biden administration limits Medicare Advantage broker compensation
6. Illinois House passes governor’s 'Healthcare Protection Act’