Judge Recommends Dismissing Lawsuit Over Custom-Designed 401(k) Fund Choice [telecom]

Have a question or want to start a discussion? Post it! No Registration Necessary.  Now with pictures!

The lawsuit challenges the design and monitoring of the Large Cap Fund in CenturyLink's non-union 401(k) plan.

By Rebecca Moore

A federal judge has recommended that a lawsuit against CenturyLink and
its subsidiary CenturyLink Investment Management (CIM) over the design
of an investment choice in CenturyLink's non-union 401(k) plan be
dismissed.

The lawsuit challenges the design and monitoring of the Large Cap
Fund, an actively managed fund benchmarked against the Russell 1000
Stock Index. The fund has annual management fees of 0.41% of net
assets, which is notably higher than an index fund. The fund allocated
its assets between four investment firms, one actively managed mutual
fund, and one large cap index fund.

https://www.planadviser.com/judge-recommends-dismissing-lawsuit-custom-designed-401k-fund-choice/

--  
Bill Horne
(Remove QRM from my email address to write to me directly)

Site Timeline