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John Hancock settles with 401(k) participants Print John Hancock Life Insurance Co. (U.S.A.) agreed to settle a lawsuit filed by former and current participants in a company 401(k) plan who alleged ERISA violations in the plan s management. Lawyers for the company and plaintiffs filed a notice April 21 in a U.S. District Court in Boston reporting an agreement in principle, adding that details will be submitted to the court by June 1 in the case of Baker et al. vs. John Hancock Life Insurance Co. (U.S.A.) et al. The original suit was filed in February 2020, alleging among other things that the plan imposed high fees and offered proprietary John Hancock investment products to the exclusion of comparable investments that, they allege, were better-performing and less expensive than the John Hancock offerings.

United statesJohn hancockUs district court richardg stearnsUs district courtJohn hancock life insurance coJohn hancock life insuranceUnited statesaHancock life insuranceCourt richardIncentive investment planJohn hancock employeesஒன்றுபட்டது மாநிலங்களில்ஜான் ஹான்காக்எங்களுக்கு மாவட்டம் நீதிமன்றம்ஜான் ஹான்காக் வாழ்க்கை காப்பீடு இணைஜான் ஹான்காக் வாழ்க்கை காப்பீடு