Henry Ford Health $5 Million Retirement Plan Settlement Approved

A $5 million class settlement benefiting employees of Detroit’s Henry Ford Health System received final court approval, resolving litigation by workers who said their retirement plans charged high fees and offered poorly performing investments.

The agreement is slated to benefit about 28,000 people covered by Henry Ford’s retirement plans between 2015 and 2023. It requires members of the health system’s investment committee to complete two hours of mandatory fiduciary training each year, according to the settlement motion.

• Judge Sean F. Cox of the US District Court for the Eastern District of Michigan signed the final approval order Wednesday
• Cox ...