Nvidia settles 401(k) lawsuit

Nvidia Corp. has reached a proposed settlement with former participants of the company’s 401(k) plan over claims that they were forced to pay exorbitant administrative fees

The participants had claimed that the size of Nvidia’s 401(k) plan should have entitled participants to significantly lower fees. They alleged that plan participants paid between $53 and $63 to for recordkeeping, but should have paid about half that amount.

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