Advance Auto Parts Agrees to Class Status in 401(k) Fee Dispute

An Advance Auto Parts Inc. subsidiary agreed to have federal litigation over its 401(k) plan fees certified as a class action covering about 22,000 people.

The parties’ proposed class includes all participants in the Advance Auto Parts 401(k) plan since October 2015, along with the beneficiaries of any deceased participants. They propose dividing the class into two subclasses to account for participants who’ve signed release agreements and those who haven’t.

The stipulation, filed April 7 in the US District Court for the Western District of Virginia, comes one month after the Advance Auto plan participants filed their motion for ...