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"The company will vigorously defend against this lawsuit.". Snapshot: DUK.

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Click here for enrollment instructions on your Duke HR Website. Tenth Floor The 401(k) plan has had the same record keeper "for at least the past decade, and the fees remained "roughly the same between 2014 and 2018 while marketplace rates were dropping," the former participant alleged. If you currently use your SSN to log in, you may want to create a unique username instead, for added security. Let us help you understand your workplace savings plan options before enrolling. Join us for In the Money with options strategist and CNBC contributor Dan Nathan for a weekly take on the market. Knowing where your account is located will help us serve you better.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917, Press Alt plus Down Arrow to view menu options. North Carolina. Ohio. Password: Use 6 to 20 letters, numbers and/or special characters, The Duke University Faculty and Staff Retirement Plan, Click here for enrollment instructions on your. "This gives rise to the inference that defendants failed to monitor record-keeping compensation during that period and failed to solicit competitive bids from other record keepers that would have resulted either in retention of a new record keeper or a significant reduction in the rates paid to its existing record keeper," said the complaint in the case of Johnson vs. Duke Energy Corp. et al. If you believe you may have been shortchanged as a result of the alleged mismanagement of the Plan, please contact Sean Kelly, our Class Action Clerk, by phone at (612) 256-3275 or by email at skelly@nka.com. On September 23, 2020, we filed a lawsuit on behalf of participants in the Duke Energy Retirement Savings Plan (the “Plan”). Even though managed account services fees were reduced in 2019, "it is still excessive given the industry trends for managed account services and the enormous leverage the plan enjoys in the market place," the complaint said.

Duke Energy Progress. The complaint also alleged that the plan has paid "excessive" fees for a managed account service provided by what is now called Edelman Financial Engines.

It's complimentary, thanks to your employer. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

This 403(b) Plan enables you to contribute to your retirement on a pre-tax basis, Roth after-tax basis or by using a combination of both. 150 N. Michigan Ave. Sign up and get the best of News delivered straight to your email inbox, free of charge. A little extra saved today could make a big difference in retirement. Sexual Harassment - Hostile Work Environment, Failure to Cancel Private Mortgage Insurance (PMI), Force Placed Insurance - Flood & Homeowners, Predatory Lending/Unfair Mortgage Servicing, Loans, Financing, and Borrowers' Rights Overview, Civil Rights and Impact Litigation Overview. Go Step 3.

A former participant in a Duke Energy Corp. 401(k) plan sued the company and plan fiduciaries alleging they violated ERISA rules in managing the plan. Log in for real time quote. Duke Energy Progress.

Johnson v. Duke Energy Corporation, et al. Enroll Now. Our attorneys are zealous advocates committed to fighting for the justice our clients deserve. 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DUKE ENERGY CORP . It's okay to have questions.

Investing involves risk, including risk of loss. The complaint blamed fiduciaries for causing the plan "to pay significantly more for managed account services than other plans pay for identical services." We are also investigating whether participants who utilized the Plan’s self-directed brokerage account option were shortchanged due to excessive fees and the failure to offer lower-cost, institutionally-priced investments. Login now. Our dedicated staff have unparalleled commitment to our clients as well, and together with our attorneys, they work tirelessly to advance employee and consumer rights. For additional information about Duke's Retirement Plans, please visit your Duke HR Website. Among other things, the lawsuit alleges that Defendants breached their fiduciary duties by charging excessive fees for administrative services.

The Duke Energy Retirement Savings Plan, Charlotte, N.C., had assets of $8.17 billion as of Dec. 31, 2018, according to the latest Form 5500. For a copy of the Complaint, click here.

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Skill and professionalism are just as important as the ability to connect on a personal level. View your investment options with Fidelity Investments. Choose your news – we will deliver. CHOOSE LATER . Though the suit has been filed, we are looking for additional individuals to potentially participate in the case. Duke Energy. Duke University offers the Duke Faculty and Staff Retirement Plan. Choose how much to save. Edelman isn't a defendant. Add to Watch List; Set Alert; Hypothetical Trade; Option Chain; Price History . Enrolling is simple. Step 1.

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