https://www.napa-net.org/news/2026/5/schlichter-bogard-targets-ford-401k-plans-with-broad-breach-claims/
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One of the worst providers for employees…..
In the end, we’ll get coupons for free ice cream cones, while the lawyers rake in millions of dollars.
Translating this. We have some high fees to alight. Of course kickbacks from Edelman to Alight occur (excessive according to the lawsuit). Each of us pay $20 … did not say month or year, for record keeping. Alight cleans up on those of you signed up for managed accounts, alight gets $26 per employee plus 20 percent of each managed account and another fee … I think $65 annually for those in a managed account. Lawyers say this is excessive ….