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Edward Jones Settles 401(k) Lawsuit For $3.2 million

TedTed
in The Bullpen
FYI: Edward Jones will pay $3.2 million to settle a lawsuit alleging the firm enriched itself at the expense of employees through mismanagement of its company 401(k) plan.

The lawsuit, which was filed in August 2016, claimed the brokerage firm stacked its retirement plan with certain investment options in order to further its business ties with those fund companies, instead of prudently selecting other funds that were less expensive.
Regards,
Ted
https://www.google.com/search?source=hp&ei=6IETXJYNz8iOBK_ckPgC&q=Edward+Jones+settles+401(k)+lawsuit+for+$3.2+million&btnK=Google+Search&oq=Edward+Jones+settles+401(k)+lawsuit+for+$3.2+million&gs_l=psy-ab.3..33i299l2.3925.3925..6328...0.0..0.126.199.1j1......0....1j2..gws-wiz.....0.p2l8ZyViNDY
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