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Articles Posted in Transamerica

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401K Lawsuits: MassMutual Settles with Employees for $31M and TransAmerica Settles for $3.8M

Massachusetts Mutual Life Insurance Co. has arrived at a nearly $31M settlement with plaintiffs of a class action securities case. They are accusing the retirement service provider of charging excessive fees in its retirement plans. The 401k lawsuit involved MassMutual’s $200M Agent Pension Plan and its $2.2B Thrift Plan. The…

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