Caterpillar settles 401(k) lawsuit for $16.5M
Caterpillar Inc. settled a lawsuit over excessive fees paid by participants for its 401(k) in the amount of $16.5 million. The equipment manufacturer agreed to settle rather than spend five to seven years in litigation, according to a Caterpillar spokesman. Based in Peoria, Ill., Caterpillar will also enhance communications about investment options as part of the settlement.
St. Louis Post-Dispatch
| 11/7
This story published in OPEI SmartBrief on 11/16/2009
Get stories like these delivered daily for FREE:
|
OPEI SmartBrief
OPEI SmartBrief is a FREE, daily e-mail newsletter for professionals in the Outdoor Power and Equipment industry. It provides the latest news and information you need to stay informed about important issues impacting your business. Sign up today to receive OPEI SmartBrief. Learn more |
|