Taylor Corp., Workers Announce Class Deal in 401(k) Fee Case

Minnesota printing and marketing company Taylor Corp. reached a class settlement in a lawsuit challenging the fees tied to its employees’ 401(k) plan.

The parties reached an agreement following a private mediation session and expect to submit details of the deal for court approval by April 5, they said in a joint motion filed Thursday in the US District Court for the District of Minnesota.

The lawsuit, filed on behalf of a proposed class of about 13,000 people, says Taylor’s retirement plan charged excessive fees and offered overly expensive investment options. Taylor used the same plan recordkeeper since at ...