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BlackRock Sued For Alleged Self-Dealing In Its 401(k) Plan

TedTed
edited April 2017 in Fund Discussions
FYI: (Click On Article Title At Top Of Google Search)

BlackRock Inc., the world's largest asset manager, is being sued by a former employee for self-dealing in the company's 401(k) plan, the latest excessive-fee case involving an asset manager offering proprietary investment funds to retirement plan participants.

In the lawsuit, Baird v. BlackRock Institutional Trust Company, N.A. et al, the plaintiff claims almost all the fund options in the company's roughly $1.6 billion 401(k) plan are affiliated with BlackRock, even though the funds have high fees and poor performance.
Regards,
Ted
https://www.google.com/#q=BlackRock+sued+for+alleged+self-dealing+in+its+401(k)+plan

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