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ThedaCare Retirement Plan Suit is Latest to Advance in Wisconsin

Aug. 26, 2022, 1:53 PM

A former ThedaCare Inc. surgical technician advanced a proposed class action over the Wisconsin health provider’s retirement plan, marking the fourth time this week federal judge William C. Griesbach has ruled on a class challenge to plan fees and investments.

The ruling allows plaintiff Joseph Glick to move forward with the bulk of his lawsuit, including claims that ThedaCare failed to negotiate lower fees for the plan’s recordkeeping and managed account services and that it offered high-cost investments and fund share classes without undertaking an appropriate process. A few claims, including allegations of fiduciary disloyalty and failure to disclose the ...