O’Reilly Automotive Beats Would-be Class Suit Over 401(k) Fees

Six former O’Reilly Automotive Inc. employees lost their lawsuit claiming the company mismanaged its $1.1 billion 401(k) plan by offering overly expensive funds and charging high fees.

Judge Brian C. Wimes orally granted the auto parts supplier’s motion to dismiss during a Tuesday hearing in the US District Court for the Western District of Missouri. Wimes, who didn’t issue a written explanation for his decision, also blocked the employees from trying again with an amended complaint.

The proposed class action accuses the O’Reilly plan, which covers more than 50,000 people, of offering at least 10 investment options with fees that ...