PayJunction's suit against Glasser Images and its owner, Jack Glasser, claimed that at the time Glasser Images closed its doors in late 2021 the company had incurred more than $720,000 in unresolved chargeback liability that negatively impacted PayJunction.
Another MEP targeted in 401(k) litigation, health care system sued
The Coca-Cola Bottlers Association this week was sued over fees and investments in its multiple employer plan. Former participants in a terminated 403(b) sponsored by a health care system also filed claims.
February 4, 2021 2 MINS
A participant in a multiple employer 401(k) available through the Coca-Cola Bottlers’ Association claims in a new lawsuit that excessive administrative and investment fees have eroded millions of dollars in savings within the plan.
The case is different from a 401(k) lawsuit brought last year against the largest U.S. Coca-Cola bottler. Instead, the new litigation targets the MEP used by 65 independent bottlers, representing at least the fifth such plan that has been sued over fiduciary claims in recent months.