Hy-Vee Workers Score 55,000-Person Class in 401(k) Fee Lawsuit

A lawsuit challenging Hy-Vee Inc.'s 401(k) plan fees is moving forward as a certified class action after the Iowa-based grocer consented to a class covering more than 55,000 people.

The class includes all the Hy-Vee plan’s participants and beneficiaries since 2016, with the defendants and their immediate family members excluded. Judge Stephen H. Locher of the US District Court for the Southern District of Iowa certified the class in an order issued Wednesday, one week after the parties agreed that the case could be litigated on a class-wide basis.

The lawsuit challenges the annual recordkeeping fees in the Hy-Vee 401(k) ...