Boeing employees settle ‘401k excessive fees’ case for $57m

Posted on 9 Nov 2015 by Tim Brown
The new 777X, which builds on the 777 design and includes new engines, an all-new composite wing leverages technologies from the 787 Dreamliner - image courtesy of Boeing

Boeing employees and retirees have reached a final settlement of $57m in the 401k excessive fees case, Spano versus Boeing.

The settlement amount is the second highest in excessive 401k fee litigation after the $62m settlement achieved on behalf of Lockheed Martin employees and retirees in July of this year. The plaintiffs for both cases were represented by St. Louis based law firm Schlichter, Bogard & Denton. “We are pleased to have reached this settlement for Boeing’s…

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