Federal Contractor Misconduct Database (FCMD)
Sullivan et al. v. General Electric (ERISA Lawsuit)
Participants in General Electric’s 401(k) plan filed a class action lawsuit under the Employee Retirement Income Security Act (ERISA) alleging plan managers breached their fiduciary duties by investing employees’ retirement savings in underperforming funds in order to benefit GE’s General Electric Asset Manager, Inc. (GEAM) subsidiary.
- Misconduct Type
- Enforcement Agency
- Contracting Party
- Court Type
- Date of Complaint