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TriHealth Sued Over 401(k) Plan Fees, Joining Growing List

July 29, 2019, 2:27 PM

Cincinnati’s TriHealth Inc. charges its workers excessive and unnecessary 401(k) plan fees, a new proposed class action alleges.

TriHealth plan participants paid more than $7 million in excessive fees between 2013 and 2017, according to the July 26 complaint. TriHealth charged 401(k) fees of $328 per person in 2017, when similarly-sized plans—those with between $250 million and $500 million in assets—charged an average of only $166 per person that year, the lawsuit claims.

This is the fourth Employee Retirement Income Security Act lawsuit filed this year by Greg Coleman Law and Jordan Lewis PA accusing a smaller 401(k) plan of ...