Wells Fargo sued, again, for using in-house funds in 401(k) plan
Just as Wells Fargo & Co. escaped from the jaws of one 401(k) lawsuit over in-house funds, it's now ensnared in another. In a rare move, a federal judge dismissed a lawsuit against the company in May alleging breach of fiduciary duty for self-dealing, whereby it profited from proprietary target-date funds at the expense of employees. Now, another participant, on behalf of a class of similarly situated individuals, has filed suit, similarly alleging that use of high-cost, unde