Advance Auto Parts Workers Finalize $1.7 Million 401(k) Deal

A $1.7 million class settlement benefiting participants in an Advance Auto Parts Inc. subsidiary’s retirement plan received final court approval, along with an award of more than $600,000 in attorneys’ fees and expenses.

The 22,000-person deal requires Advance Stores Co. to look for a new retirement recordkeeper within three years and ensure that its plan fiduciaries undergo annual training, according to the settlement motion. Judge Michael F. Urbanski of the US District Court for the Western District of Virginia granted final approval to the deal in an order docketed Monday; he also approved class counsel’s fee request and signed ...