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LinkedIn Corp., which is owned by Microsoft Corp., settled for $6.75 million a 401(k) excessive fee complaint made in August 2020, Plansponsor reports. The social media company settled over allegations made by participants of its 401(k) profit-sharing plan and trust that it did not try to reduce plan expenses or scrutinize investment options closely enough within the plan, according to a settlement agreement filed on March 3 in the U.S. District Court for the Northern District of California.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
4. UnitedHealth reports significant data breach; personal health info compromised
5. Illinois House passes governor’s 'Healthcare Protection Act’
6. VillageMD faces lawsuit over alleged data sharing with third parties