Voya sued over own investments in their plan

When you are in the mutual fund business and you offer those funds in your plan, you probably will get sued. So Voya is the next defendant.

The case is alleging that Voya is self-dealing. The complaint alleges the Voya funds in the plan, were not selected and retained for the plan as the result of an impartial or otherwise prudent process, but were instead selected and retained by the defendants because they benefited financially from including these options in the plan.

Story Page
%d bloggers like this: