Status: open
Omnicom (retirement plan mismanagement)
Defendant: Omnicom
Global marketing communications company Omnicom will pay $2.45 million to settle allegations that it mismanaged an employee retirement plan by failing to disclose the expenses and risks associated with the investment options offered under the plan, in violation of the Employee Retirement Income Security Act (ERISA). If you were a participant in or a beneficiary of an Omnicom retirement savings plan between May 29, 2014, and July 5, 2023, with funds invested in Fidelity Freedom Funds, and you had an annual recordkeeping fee paid by the plan, you may be eligible for a payment under the settlement.