Tag: Super Saver

American Airlines, Inc. 401(k) Plan (formerly known as $uper $aver) reaches $22 million settlement in self-dealing lawsuit

The settlement, if approved, would be among the largest in cases alleging enrichment due to use of proprietary investments.. Plaintiffs brought the suit, Main et al v. American Airlines Inc. et al, in April 2016. They alleged defendants breached their fiduciary duties under the Employee Retirement Income Security Act of 1974 by selecting and retaining…