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401k Suit Settles for $27.5 million

By Tom Costello of Costello Law Group Twenty-four thousand of Ameriprise Financial Inc.’s past and present employees have settled their case against Ameriprise for $27.5 million. The retirement plan participants claimed that they were charged excessive fees by Ameriprise. The participants alleged that Ameriprise failed to ensure reasonable fees for the administrative services […]

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