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Lockheed Martin Corp. agreed last month to pay $62 million to end a lawsuit over claims it shortchanged 120,000 workers and retirees who participated in its pension plans.

SAN DIEGO – Punitive damages aren’t allowed under the Employee Retirement Income Security Act, so whoever came up with “401(k) Fee Lawsuits: The Next Tobacco?” as the title for a Sunday afternoon workshop at the 2015 NAPA Summit was aiming for titillation.


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