Judge Keeps Northwell Health Retirement Plan Fee Suit Alive

On Tuesday, Judge Rachel P. Kovner granted a former employee of Northwell Health Inc., Kaila Gonzalez, the right to file an amended complaint in her proposed class action lawsuit under the Employee Retirement Income Security Act (ERISA). The judge found that Gonzalez had valid ERISA claims and specifically questioned the plan’s $60 per person, per year administrative fees and its decision to continuously offer a single emerging markets fund.

This ruling represents a step towards holding Northwell Health Inc. accountable for its handling of the retirement plan and ensuring that employees are treated fairly and lawfully in terms of their financial security. A former employee, Kaila Gonzalez, recently made claims against Northwell Health Inc. regarding its mismanagement of their $5.6 billion retirement plan. These allegations challenged the plan’s administrative fees and its use of a single mutual fund. The claims were considered viable by federal judge Rachel P. Kovner, who ruled in Gonzalez’s favor.

By Sophia Gonzalez

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