Univar Solutions Cleared for $1.1 Million 401(k) Fee Settlement

Univar Solutions USA Inc. received final approval for a $1.1 million class settlement resolving allegations that its 401(k) plan was plagued by high fees and risky target date funds.

The agreement is expected to benefit thousands of participants covered by the chemical and ingredients distributor’s $978 million retirement plan between 2016 and 2024. It resolves allegations that Univar mismanaged the plan by overpaying for administrative services and offering poorly performing and risky target date funds.

• Judge Robert W. Gettleman of the US District Court for the Northern District of Illinois on Tuesday granted final approval to the deal and awarded ...