Judge examines Boeing 401(k) plans

Dino D'Amore
By Dino D'Amore September 3, 2015 20:00

Judge examines Boeing 401(k) plans

A federal judge has begun to investigate whether Boeing mishandled the 401(k) plans it offered to its employees under a class action lawsuit filed on behalf of 190 Boeing employees that alleges the company failed to uphold its fiduciary duties by allowing excessive fees to go unchecked, choosing higher-cost retail mutual funds over cheaper options, and improperly making 401(k) plan decisions to benefit vendors.

The lawsuit has been in court for nearly ten years.

Dino D'Amore
By Dino D'Amore September 3, 2015 20:00