Gucci’s Got Expensive Handbags and Expensive Fund Managers, Plaintiffs in Court Settlement Allege

Gucci America’s 401(k) plan fell victim to allegations regarding its investment strategy recently, ending in a $1.2 million settlement against claims that it doesn’t always shoot for the cheapest investment strategies. Plaintiffs in the case alleged that Gucci exhibited a lack of oversight on the plan’s service provider, TransAmerica Retirement…