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January 2020 Archives

Lawsuit accuses Trader Joe's of mismanaging retirement fund

Workers in Washington, D.C., and across the country rely on their employee benefits, including their retirement programs, health insurance and disability insurance. This is one reason why the Employee Retirement Income Security Act, or ERISA, regulates these programs in order to protect employees from the consequences of wasteful, destructive or even fraudulent practices. In one case, popular supermarket chain Trader Joe's is facing a lawsuit over its retirement plan, specifically over the services and fees paid to an investment management company and accusations of poor choices for investment options for the plan.


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