Federal Contractor Misconduct Database (FCMD)
Will v. General Dynamics (401(k) Fiduciary Lawsuit)
General Dynamics and its 401(k) plan sponsor settled an ERISA (Employee Retirement Income Security Act of 1974) class action lawsuit filed by current and former employee participants in two General Dynamics 401(k) plans. The lawsuit alleged that participants were charged excessive fees. Under the settlement, a $15 million settlement fund will be created.
- Misconduct Type
- Enforcement Agency
- Contracting Party
- Court Type
- Date of Settlement Announcement