Federal Contractor Misconduct Database (FCMD)
Kanawi v. Bechtel (ERISA Class Action)
Bechtel Corp. agreed to pay $18.5 million to settle a class-action lawsuit alleging that the fees charged to employees in its 401(k) retirement plan were too high. The plaintiffs, Bechtel employees in California, alleged the company should have negotiated lower expenses for the more than 17,000 people in its 401(k) plan.
- Misconduct Type
- Enforcement Agency
- Contracting Party
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- Date of Settlement