Konica Minolta Negotiates Class Deal Over 401(k) Fees, Funds | Print4Pay Hotel

Art PostAdmin VIP

Judge certified case as class action earlier this year
Lawsuit targets investment performance, administrative fees

Konica Minolta Business Solutions USA Inc. plans to settle an 8,000-person class action by employees challenging the fees and investment options in their 401(k) plan.

The parties reached a deal after a private mediation session and plan to file paperwork for court approval by Nov. 29, according to a joint status report filed Tuesday in the US District Court for the District of New Jersey. The report didn’t include details about the terms of the agreement.

The Employee Retirement Income Security Act lawsuit, which had most of its claims advance in 2021, says Konica Minolta’s 401(k) committee mismanaged the $800 ...

10/19/2410:23 AM

Original Post

Add Reply

Sign In To Reply

<div id="{%=id%}" class="reveal-modal small h-alert-modal-popup" data-reveal>
    <div class="first-modal-focus focus-utility-element" tabindex="0" aria-label="Inside Modal"></div>

<h4 id="{%=id%}_title" class="margin-bottom-10 popup-title"></h4>
    <div id="{%=id%}_body" class="margin-bottom-10 popup-body">
        </div>

<ul id="{%=id%}ButtonGroup" class="button-group h-popup-buttons even-button-group even-1">
    <li id="{%=id%}Okay_buttonContainer"><a id="{%=id%}Okay" href="javascript:void(0);" class="button success no-margin-bottom h-alert-modal-ok-button" role="button">OK</a><script type="text/javascript">
        (function() {
            function {%=id%}Okay_click(event, data) {
            {%=id%}Popup.hide();
        }
        
                $('#{%=id%}Okay').on('click', {%=id%}Okay_click);
        })();
    </script></li></ul><a href="javascript:void(0);" class="close-reveal-modal" aria-label="Close Modal">&#215;</a><div class="last-modal-focus focus-utility-element" tabindex="0"></div>
</div>
<script type="text/javascript">
        (function() {
            {%=id%}Popup = new SS.Popup.ModalPopup('{%=id%}');
        })();
    </script>