Advance Auto Parts 401(k) Investors Seek Class Covering 22,000

A lawsuit accusing an Advance Auto Parts Inc. subsidiary of mismanaging its 401(k) plan should be certified as a class action covering about 22,000 people, six former plan participants said in a federal court filing.

The plaintiffs’ proposed class includes all participants in and beneficiaries of the Advance Auto Parts Inc. 401(k) Plan between October 2015 and the date a judgment is issued in the case. They contend that class action status is “so routine” in cases challenging retirement plan fees that defendants “regularly stipulate to class certification.”

The motion, filed Tuesday in the US District Court for the ...