May 07, 2026
A public utility company and its 401(k) plan investment adviser agreed to pay $2.6 million to end a class action alleging that underperforming target-date funds dragged down energy company workers' retirement savings, according to the proposed deal filed in Missouri federal court.
October 14, 2025
An investment adviser failed Tuesday to escape a proposed class action alleging its poor advice cost employees of a Midwest utility company millions of dollars in retirement savings, as a Missouri federal judge ruled that plan participants' allegations are detailed enough to stay in court.