Attorneys Suing Oasis Outsourcing 401(k) Get $2M in Fees

Lawyers representing participants in Oasis Outsourcing Holdings Inc.'s 401(k) plan convinced a federal judge to award them $2 million in fees after they reached a $6 million deal to end the dispute.

The ruling, issued Dec. 20 by Judge Robin L. Rosenberg of the U.S. District Court for the Southern District of Florida, ends a lawsuit that accused Oasis of allowing excessive fees in its multiple-employer 401(k) plan.

The case against Oasis—a professional employer organization that provides human resources, payroll, and other HR services to employers that outsource these functions—is noteworthy for involving a fee challenge against a multiple-employer 401(k) ...