MetLife Workers Want Class of 27,000 in In-House 401(k) Fund Row

Participants in MetLife Group Inc.'s $7.3 billion 401(k) plan asked a Manhattan federal judge to certify a class of more than 27,000 people in their lawsuit challenging the plan’s affiliated funds.

The participants seek a class of everyone who held MetLife index funds in the company’s 401(k) plan since July 2015, excluding those with responsibility over plan administration or investments. The claims of all 27,275 proposed class members turn on common questions about how the company managed its plan and whether it breached legal duties by filling the plan with MetLife funds, they said in a motion filed Wednesday in ...