Ex-Cerner employees sue over 401(k) plan fees

A class-action lawsuit by four former Cerner Corp. employees contends that the North Kansas City-based company mismanaged its retirement plan through excessive fees that cost participants millions of dollars. The filing alleges that since 2014, Cerner (Nasdaq: CERN) failed to explore cheaper investment options, instead offering funds with “grossly excessive fees,” Becker’s Hospital Review reports. Accordingly, the lawsuit says, Cerner breached its fiduciary responsibilities under the Employee…
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