Bob Evans Restaurants LLC was sued by an Ohio employee who says the dining chain’s 401(k) plan is plagued by pricey funds, high administrative fees, and a poorly performing stable value fund.
The proposed class action, filed Thursday in the US District Court for the Southern District of Ohio, takes aim at a retirement plan holding more than $100 million in assets and covering more than 4,600 people. According to plaintiff Dawn Plummer, the company’s failure to choose cheaper and better performing funds, along with its failure to appropriately select and monitor the plan’s stable value fund, caused the ...
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