U.S. Markets closed

Lawsuit accuses SEI of self-dealing in 401(k) plans

Jeff Blumenthal
American City Business Journals
Lawsuit accuses SEI of self-dealing in 401(k) plans

In a Sept. 28 complaint filed in U.S. District Court in Philadelphia, the complaint alleges that the plan’s almost exclusive reliance on proprietary investment options was a breach of their duties under ERISA.