Jackson National to settle 401(k) self-dealing lawsuit for $4.5 million

William Huston, AIF®, AIFA®

William Huston, AIF®, AIFA®

Jackson National Life Insurance Co. has reached a $4.5 million settlement in a self-dealing lawsuit that alleged the company profited at the expense of its employees by adding high-cost proprietary investment funds to its 401(k) plan.

Jackson National to settle 401(k) self-dealing lawsuit for $4.5 million

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