October 8, 2024
Fund

Wintrust Escapes BlackRock 401(k) Fund Suit


By Kellie Mejdrich (August 14, 2024, 7:57 PM EDT) — An Illinois federal judge agreed Wednesday to permanently toss a proposed class action against Wintrust Financial Corp. alleging mismanagement of an employee 401(k) plan, finding ex-workers hadn’t plausibly alleged their employer violated federal benefits law by offering what they said were underperforming target-date funds….

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