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Coca-Cola Bottlers' Association Agrees to Settle ERISA Case for $3.3 Million

The lawsuit against the CCB multiple employer plan needs court approval to finalize settlement. ....

United States , Kimario Anderson , Cola Bottler Association , Us District Court , Wells Fargo , Cola Common Stock Fund , Coca Cola Bottler Association , Employee Retirement Income Security Act , Cola Bottler , Coca Cola Common Stock Fund , Equity Index , Gallagher Fiduciary Advisors ,

Coca-Cola Bottlers' Association reaches deal to settle 401(k) lawsuit

The Coca-Cola Bottlers' Association settled a class action lawsuit for $3.3 million over claims that its 401(k) plan breached ERISA laws. ....

Kansas City , United States , Kimario Anderson , William Grimmett , Us District Court , Wells Fargo , Cola Bottler Association , Coca Cola Bottler Association , Retirement Savings ,

Coca-Cola bottlers' group announces preliminary settlement of ERISA case

Coca-Cola Bottlers' Association agreed to settle a lawsuit in which its 401(k) plan was accused of charging high record-keeping fees. ....

Kimario Anderson , Cola Bottling Co , Cola Bottler Association , Us District Court , Coca Cola Bottler Association , Kansas City , Heartland Coca Cola Bottling , Retirement Savings Plan ,

Coca-Cola Bottlers Association Faces ERISA Lawsuit | Chief Investment Officer

Coca-Cola Bottlers Association Faces ERISA Lawsuit
Plaintiffs allege missteps by 401(k) plan fiduciaries cost participants millions of dollars in retirement savings.
The Coca-Cola Bottlers’ Association (CCBA) is being sued by participants in its multiemployer 401(k) retirement savings plan who claim the fiduciaries breached their Employee Retirement Income Security Act (ERISA) duties by offering “limited, imprudent investment options and excessive and improper fees.”
The CCBA’s 401(k) Retirement Savings Plan covers all 65 independent Coca-Cola bottlers in the US and serves approximately 19,000 participants. It had roughly $800 million in net assets as of the end of 2019, and is estimated to be in the top 0.1% of all 401(k) plans based on size of both plan assets and the number of participants. ....

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