Ventura Foods $1.5 Million 401(k) Plan Deal Clears Last Hurdle

Ventura Foods LLC’s $1.5 million class settlement with workers received final court approval, resolving a lawsuit over the condiment maker’s 401(k) plan fees and investment options.

The settlement represents about 17% of the workers’ total estimated damages and is expected to benefit thousands of retirement plan participants and beneficiaries between October 2016 and March 2024, according to the settlement motion.

• Judge John W. Holcomb of the US District Court for the Central District of California granted final approval to the deal and awarded class counsel $575,000 in fees and costs in an order docketed Wednesday
• The lawsuit says Ventura ...