Re: Any validity to this?

Investigations401(k) InvestigationsXerox Corporation
401(K)
Xerox Corporation
Attorney Advertising
We are currently investigating the Xerox Corporation’s management of its 401(k) plan for possible violations of the federal Employee Retirement Income Security Act (“ERISA”). We are investigating whether participants may have been shortchanged due to excessive fees for recordkeeping and administrative expenses.

If you are a current or former participant in the Xerox Corporation Savings Plan within the past four years, you may have a claim for damages. To learn more about our investigation or discuss your potential claims, please contact Sean Kelly, our Class Action Clerk

Comment! It's anonymous!

10 replies (most recent on top)

Call them and find out more information before you decide

IMO xerox does sc––w the employees on insurance premiums. Just another way they create an indirect pay cut.

Based on info in the site below...Maybe?
https://violationtracker.goodjobsfirst.org/parent/xerox

1) any class action potential should be pursued if inflicting pain on Xerox is the objective
2) Xerox has a long history of skirting regulations and laws, and essentially has been “cooking the books” on and off again for decades.
3) participation in class action is not prohibited by severance general release, unless it is related to a discrimination situation.
4) Xerox can profit from indirect relationships including 401k. For example, employees pay much higher than market rates for health insurance because Xerox is the plan administrator and essentially is the one paying out but also the one collecting the premiums. So question all indirect arrangements looking for employer sc–w age isn’t paranoia.

Fees seem higher than my XBS account but not unreasonable and in the same ball park as my previous employer.

This is your typical sl—l lawyer doing some fishing. 401(k) fees have always been reasonable in the Xerox plan. Obviously not Vanguard level, but lower than most actively managed funds. I've been participating for over 30 years and have paid attention to the fees and performance.

If you took a severance package you clearly signed over your rights where you cannot participate in any class action suit

“Knowing how XRX loves to cook the books”. You are an id–tNot only is that an idiotic statement, you are too st—dto know XRX accounting practices have nothing to do with 401k. Get a life.

Knowing Xerox and how they love to "cook the books" (think 2000, 2008) it's probably real life and someone who felt they got "short changed" let the cat out of the bag....Xerox deserves to go out of business

Looks like an ambulance chaser. Prior results do not guarantee future outcomes. Contact us if you think you have a case. I’m not saying it’s–tvalid just beware of these guys looking to make a buck.

Thread regarding Xerox Corp. layoffs

Re: Any validity to this?

10 replies (most recent on top)

Post a reply