Oasis Outsourcing Holdings Inc. agreed to pay $5.99 million to settle claims that it allowed excessive fees in a multiple-employer 401(k) plan it administered for its clients and their employees that, at one point, had up to $1.2 billion in assets.
The multimillion-dollar agreement comes two years after the workers brought an internal claim against the plan over alleged imprudent investment options and excessive fees paid to
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