Cape Cod Healthcare’s $900,000 Retirement Plan Deal Secures Nod

Cape Cod Healthcare Inc. received initial court approval for a $900,000 class settlement with workers challenging the fees and investment options in the Massachusetts medical provider’s retirement plan.

The agreement is expected to benefit thousands of participants and beneficiaries covered by Cape Cod’s retirement plan between December 2017 and September 2024. It represents about 25% of their “best-case scenario” for recovery, and it requires Cape Cod to retain an outside consultant to advise on plan fees and services for at least five years, according to the workers’ settlement motion.

• Judge Myong J. Joun of the US District Court for ...