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Kerry Breach of Fiduciary Duties to 401(k) Plan Complaint

April 27, 2021

The first sentence of the Introduction to this class action is, “The essential remedial purpose of the Employee Retirement Income Security Act (‘ERISA’) is ‘to protect the beneficiaries of private pension plans.’” The plan here is the Kerry, Inc. Savings Plan, an employee retirement plan. The complaint brings suit against Kerry, Inc., its Board of Directors, and its Benefits Committee, for breaches of their fiduciary duties to the plan, alleging they have not adequately evaluated fees and expenses for the plan nor properly monitored the chosen investments.

Case Event File: Kerry Breach of Fiduciary Duties to 401(k) Plan Complaint

Related to: Kerry Breach of Fiduciary Duties to 401(k) Plan Class Action