Allegation language only. The following describes claims made in public filings or reporting. No defendant is described as guilty or liable unless a court has so found. Settled matters resolved without an admission of liability.
What the lawsuit alleges
A long-running ERISA class action alleged the plan retained poorly performing proprietary investment options. Reported settled for $61 million (final approval 2024) without an admission of liability.
Who may be affected
Current and former participants and beneficiaries of the General Electric 401(k) 401(k) plan during the relevant class period. Eligibility depends on the plan, role, and dates of participation — request a free review to confirm.
Case status & source
Status: Settled (2024) · Reported amount: $61M.
- Primary source pending — attach the verified public link (court filing, DOL release, or reputable outlet) before publishing.
Related practice area
401(k) plan litigation overview · All plan & employer lawsuits
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