Pension Investing News - Ameriprise Suit

Check out this article about the pending lawsuit filed on behalf of Ameriprise employees regarding the investments in their 401(K) plans:

"In the suit, the Ameriprise 401(k) participants allege that the company breached its fiduciary duty under the Employee Retirement Income Security Act of 1974 by offering proprietary-fund options that allegedly were imprudent and unreasonably expensive, and that paid fees to the firm and its subsidiaries."

Full Article:
http://www.investmentnews.com/article/20130113/REG/301139999