{"id":4443,"date":"2020-01-15T08:33:51","date_gmt":"2020-01-15T13:33:51","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=4443"},"modified":"2020-01-15T08:33:51","modified_gmt":"2020-01-15T13:33:51","slug":"trader-joes-sued-over-their-401k","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4443","title":{"rendered":"Trader Joe\u2019s sued over their 401(k)"},"content":{"rendered":"<p>Two former employees of Trader Joe\u2019s have sued the company alleging breaches of fiduciary duty in the management of the company\u2019s 401(k) plan.<\/p>\n<p>The $1.6 billion plan was targeted over Capital Research, the plan\u2019s recordkeeper and the investment adviser to the American Funds. The recordkeeping fees were based on a percentage of assets and came in at $140 a head and the suit alleges that fees should be closer to $40 a head. Also, the plan was targeted over the use of proprietary American Funds and not for using low-cost index funds.<\/p>\n<p>The lawsuit will show whether there is something bad about Trader Joe\u2019s, other than the parking lot.<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Two former employees of Trader Joe\u2019s have sued the company alleging breaches of fiduciary duty in the management of the company\u2019s 401(k) plan. The $1.6 billion plan was targeted over Capital Research, the plan\u2019s recordkeeper and the investment adviser to &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=4443\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4443"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4443"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4443\/revisions"}],"predecessor-version":[{"id":4444,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4443\/revisions\/4444"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}