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Employee Benefits

Hess Corporation faces lawsuit over alleged ERISA violations

April 24, 2024 Reprints

Joshua Wagner, a former employee of Hess Corporation, has filed an amended complaint against the company, alleging it violated the Employee Retirement Income Security Act, Plansponsor reports. The lawsuit, which seeks class action status, claims Hess failed to use its bargaining power to reduce fees, expenses, and costs charged against participants' investments in its 401(k) retirement plan.

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Hess Corporation faces lawsuit over alleged ERISA violations

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