Clearview Group Must Face Sutherland Workers’ 401(k) Fee Suit

February 26, 2021

Four participants in the Sutherland Global Services Inc. 401(k) plan who filed a lawsuit challenging the plan’s fees and investment options are moving forward with claims against plan investment manager Clearview Group, after a ruling by a federal judge in the U.S. District Court for the Western District of New York.

The participants can accuse Clearview, which they say was responsible for selecting and monitoring plan investments, of improperly selecting retail share classes of T. Rowe Price target date funds, when identical institutional share classes were available with fewer fees, Judge Elizabeth A. Wolford ruled Thursday.

“Plaintiffs allege that the...