Shoe Show Inc. received final approval for a $330,000 class settlement with about 5,000 workers who challenged the fees associated with the North Carolina retailer’s $40 million retirement plan.
The settlement resolves allegations that the Shoe Show plan’s annual record keeping fees—allegedly $219 per person—were excessive in violation of the Employee Retirement Income Security Act.
Judge William L. Osteen Jr. of the US District Court for the Middle District of North Carolina signed the final approval order on Wednesday, one year after he allowed the bulk of the case to advance past the company’s motion to dismiss. Osteen said he’d ...
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