Saturday, 23 March 2019

401(k) Participant Loses Class Bid In Revenue Sharing Row

Law360 (September 14, 2018, 8:04 PM EDT) — A Colorado federal judge denied a bid for class certification in a suit brought by a participant in a 401(k) retirement plan that Great-West Life & Annuity Insurance Co. provides services for over revenue sharing payments.

U.S. District Judge Robert E. Blackburn on Thursday denied a class certification bid from Wahan Krikorian in his suit against Great-West — doing business as Empower Retirement — noting that the company has argued the proposed amended class would include 20,000 plans when the class definition from the complaint included…


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