Principal, Salesforce prevail in 401(k) lawsuits
![statue of justice with legal scales in a courtroom](https://s32566.pcdn.co/wp-content/uploads/2020/02/Justice-lawsuit-court-law-951x634.jpg.optimal.jpg)
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
Learn more about reprints and licensing for this article.