Printed from BusinessInsurance.com

Xerox, plaintiffs reach agreement to settle 401(k) fee lawsuit

Posted On: Dec. 23, 2022 9:58 AM CST

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.