John Hancock sued over ‘self-dealing’ in 401(k) plan products
The financial services firm is the latest to be targeted for including proprietary products in its retirement plan
A former John Hancock employee is leveling class action claims against the company, alleging it broke the law by packing its 401(k) menu with proprietary products.
The plaintiff, Jennifer Baker, was a participant in the insurance and investment provider’s plan between 2014 and 2019, according t
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