R.R. Donnelley 401(k) Fee Suit Settles for Nearly $1.2 Million

R. R. Donnelley & Sons Co. signed a $1.175 million class settlement with employees who say the communications and printing firm allowed its 401(k) plan to pay excessive administrative fees.

The deal is slated to benefit more than 50,000 people covered by R.R. Donnelley’s 401(k) plan since 2014, according to a Dec. 22 settlement motion. It represents about 17% of the plan participants’ estimated losses, they said in the filing.

The lawsuit says R.R. Donnelley mismanaged its $1.3 billion 401(k) plan in violation of the Employee Retirement Income Security Act by failing to take appropriate steps to monitor and ...