Northwell Health Agrees to Settle Retirement Plan Fee, Fund Suit

Northwell Health Inc. struck a deal to settle a lawsuit brought by workers who say the New York-based health-care provider’s retirement plan is plagued by high administrative fees and underperforming funds.

The parties reached an agreement to settle the dispute on a class-wide basis and plan to file paperwork seeking court approval for the deal by July 16, according to a letter submitted Wednesday to the US District Court for the Eastern District of New York. The letter didn’t include details about the terms of the agreement.

• The five-year-old lawsuit says Northwell failed to leverage its retirement plan’s large size ...