Envision Healthcare Corporation 401(k) Retirement Plan Investigation For Current & Former Employees
Edelson Lechtzin LLP is investigating whether fiduciaries of the Envision Healthcare Corporation 401(k) Plan have violated the Employee Retirement Income Security Act of 1974 (ERISA) by imprudently including unreasonably expensive and underperforming funds among the Plan’s investment options. We are particularly concerned about participants who have invested in the following funds:
- JPMorgan SmartRetirement
- American Beacon Mid-Cap Value
- Invesco Growth and Income R6
- Fidelity Contrafund
- Fidelity Blue Chip Growth
- Fidelity Puritan
- Neuberger Berman Mid Cap Growth
- Neuberger Berman Emerg. Mkts. Eq
- Glenmede Small Cap Equity Instl
- Fidelity International Discovery
As shown below, even a small fee can have a large impact on your retirement savings.
A study by the Government Accountability Office found that “even a seemingly small fee can have a large negative effect on savings in the long run. As shown [in this chart], an additional 1 percent annual charge for fees would significantly reduce an account balance at retirement.” Click here to view PDF from the U.S. Government Accountability Office (see page 10).