NorthShore University HealthSystem’s $850,000 class settlement with workers challenging their retirement plan fees and funds received initial court approval from a federal judge in Chicago.
The deal is slated to provide about 18,000 people covered by NorthShore’s retirement plan since May 2016 with about 15% of their estimated losses in the case, according to court filings. Judge Steven C. Seeger granted preliminary approval to the deal in a docket entry issued Thursday in the US District Court for the Northern District of Illinois.
- NorthShore was accused of allowing its retirement plan to charge annual recordkeeping fees of about $107 ...
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