Cigna’s $35M Settlement on 401(k) Fees Includes Investment Review
Cigna has agreed to settle for $35 million a class-action lawsuit brought by current and former employee participants in the health insurance company’s 401(k) plan, alleging they were charged excessive fees. As part of the settlement Cigna pledged to hire an independent consultant to monitor and suggest changes for the 401(k)’s stable value fund and its overall investment management. […]