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Capgemini America Faces 401(k) Lawsuit Over Expensive, Poor Fund Options

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Sig3.62Sen-6.85Env0.00Soc-5.05Gov-6.25

Capgemini America is facing a proposed class action in the Southern District of New York alleging that a haphazard process produced an underperforming, high-fee set of 401(k) investment options. The complaint says plan participants were charged excessive fees and that the investments cost the plan more than $75 million over the past six years.

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