Cedars-Sinai Retirement Plan Class Covers 16,000, Workers Say

Former Cedars-Sinai Medical Center Inc. employees asked a federal court to certify a class of more than 16,000 people in their lawsuit challenging the administrative fees and investment options in the Los Angeles hospital’s $2.15 billion retirement plan.

The proposed class covers the Cedars-Sinai plan’s participants and beneficiaries since June 2017, with a proposed subclass for current participants. The case seeks relief for fiduciary breach under the Employee Retirement Income Security Act, which courts have deemed the “paradigmatic example” of a case appropriate for class treatment, plaintiffs Asia Fowler and Lillian Mena said in a motion filed Tuesday in the ...