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Subject:  WSJ: Lawsuits over excess 401k fees--IP settles Date:  10/2/2013  12:05 PM
Author:  pauleckler Number:  73387 of 78168 (subscription required) Story on page C1 today.

Wall Street Journal today has article reporting that International Paper has reached a settlement in a lawsuit charging excessive charges and fraudulent reporting in their 401k. The company will pay $30MM to settle. Suit claimed recordkeeping and management fees (paid to JP Morgan) were excessive and that reports of performance history were "fraudulent." The company delayed investing contribut