August 22, 2025
Financial technology company Jack Henry & Associates has agreed to pay $1.6 million to resolve a proposed class action claiming it cost workers millions in retirement savings by failing to rein in expensive management fees and neglecting to dump a risky investment fund, according to a filing in Missouri federal court.
April 11, 2024
A Missouri federal judge refused to toss a worker's suit accusing a technology company of wasting employees' retirement savings by charging their 401(k) plan excessive fees, ruling that he put forward enough proof showing similar plans snagged better deals.
March 06, 2024
Jack Henry & Associates Inc. has urged a Missouri federal court to toss a worker's proposed class action alleging the financial technology company saddled its employee 401(k) plan with excessive recordkeeping and administrative service fees, arguing his claims weren't backed up with enough comparisons to better-managed, similar plans.
October 11, 2023
Financial technology company Jack Henry & Associates cost workers millions by letting its retirement plan shell out excessive record-keeping and administrative service fees, an employee said in a proposed class action.