Anthem Workers Get Trial in 401(k) Fee Class Action

Anthem Inc. employees who sued the company over the fees tied to its $5.1 billion 401(k) plan won a major victory Jan. 30, when a federal judge allowed their case to go to trial.

None of the six claims made in the employees’ sealed complaint can be resolved in Anthem’s favor before trial, Judge Tanya Walton Pratt of the U.S. District Court for the Southern District of Indiana ruled. The employees presented “more than enough evidence” to raise questions about whether the Anthem defendants understood that the share classes of the plan’s investments carried higher fees than other available share ...