As the spate of fiduciary allegations against plan sponsors shows no signs of slowing, another mega 401(k) plan is being sued over virtually every aspect of the investment menu it offered participants.
This time it is Chevron Corp., the San Ramon, California-based oil giant, and the company’s investment committee that has fiduciary oversight of Employee Savings Investment Plan, which had more than $19 billion in assets and over 40,000 participants as recently as the end of 2014.
Recommended For You
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.