$48 Million ERISA Settlement Serves as a Reminder of 401(k) Fiduciary Duties
August 12, 2026
August 12, 2026
DALLAS, Texas, Aug. 12 [Category: BizLaw/Legal] -- Haynes and Boone, a law firm, posted the following news:
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$48 Million ERISA Settlement Serves as a Reminder of 401(k) Fiduciary Duties
ADP TotalSource Group, Inc., Automatic Data Processing, Inc., and ADP TotalSource Retirement Savings Plan Committee (collectively, the "Defendants") recently settled a class action lawsuit alleging various breaches of fiduciary duty and prohibited transactions . . .
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$48 Million ERISA Settlement Serves as a Reminder of 401(k) Fiduciary Duties
ADP TotalSource Group, Inc., Automatic Data Processing, Inc., and ADP TotalSource Retirement Savings Plan Committee (collectively, the "Defendants") recently settled a class action lawsuit alleging various breaches of fiduciary duty and prohibited transactions . . .