Parent Company of Victoria’s Secret Sued over 401(k) Plan
By EsqSocial Corporation 31/12/20
A former participant in the L Brands 401(k) Savings and Retirement Plan is suing the plan sponsor for breaching their fiduciary duty under the Employee Retirement Income Security Act (ERISA) by allowing excessive fees for recordkeeping and investments. L Brands is the parent company of Victoria’s Secret and Bath and Body Works....
By: Ary Rosenbaum