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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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Environmental News For The Week Ending 16January 2019
This is a collection of interesting news articles about the environment and related topics published last week. This is usually a Tuesday evening regular post at
GEI (but can be posted at other times).
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Note: Because of the high volume of news regarding the coronavirus outbreak, that news has been published separately:
Summary:
New US Covid infections for the week ending January 16th were 8.5% below those of the week ending January 9th, so it appears that the incidence of new cases mat have peaked and is turning down, at least for the time being. One caveat to that, though, is that we don t know how many of the prior week s cases were from reports that had been delayed over the holidays. For a check on that, we can compare new cases from the week ending January 16th to those from the week ending December 19th, two weeks which sh
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