Neuberger Berman sued for excessive 401(k) fees

InvestmentNews
August 04, 2016

The lawsuit, Bekker v. Neuberger Berman Group LLC et al, claims an actively managed collective investment trust fund managed by a group within Neuberger was “larded with high fees and has suffered from consistently abysmal performance,” costing the plan more than $130 million over a six-year period. Read More.