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Neuberger Berman sued for excessive 401(k) fees
InvestmentNewsAugust 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.