Principal, Salesforce prevail in 401(k) lawsuits
After a six-day bench trial in U.S. District Court in the Southern District of Iowa Central Division, a judge ruled in favor of Principal on all counts. Salesforce also won a case, while a new one was filed against Kimberly-Clark, and another was settled by John Hancock.
Principal Financial recently won a long-running lawsuit over its role in managing a fixed-income option in group annuity contracts offered within 401(k) plans.
The company, which was sued in 2014, was accused of breaching its fiduciary duty in connection with excessive compensation it got from th
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