{"id":37451,"date":"2025-11-12T19:38:09","date_gmt":"2025-11-12T19:38:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/37451\/"},"modified":"2025-11-12T19:38:09","modified_gmt":"2025-11-12T19:38:09","slug":"one-brooklyn-health-sued-over-retirement-plan-fund-share-classes","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/37451\/","title":{"rendered":"One Brooklyn Health Sued Over Retirement Plan Fund Share Classes"},"content":{"rendered":"<p><a href=\"https:\/\/onebrooklynhealth.org\/about-obh\" rel=\"nofollow noopener\" target=\"_blank\">One Brooklyn Health System Inc.<\/a>\u2018s retirement plan is plagued by overly expensive target-date funds that could have been obtained for less money, an employee alleged in a proposed class complaint.<\/p>\n<p>The New York City healthcare provider\u2019s retirement plan, which held nearly $375 million and covered about 4,800 people as of 2023, allegedly offered a needlessly pricey suite of target-date funds from JPMorgan Chase &amp; Co., which isn\u2019t a party to the lawsuit. Identical funds were available in cheaper share classes, but One Brooklyn \u201clazily and imprudently\u201d failed to negotiate a better deal, plaintiff Leslie Rosen said in a <a href=\"https:\/\/www.bloomberglaw.com\/public\/document\/RosenvOneBrooklynHealthSystemIncetalDocketNo125cv06283EDNYNov1120\" rel=\"nofollow noopener\" target=\"_blank\">complaint &#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"One Brooklyn Health System Inc.\u2018s retirement plan is plagued by overly expensive target-date funds that could have been&hellip;\n","protected":false},"author":2,"featured_media":37452,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,21947,21948,9,24,63,21949],"class_list":["post-37451","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-class-actions","tag-investments-by-retirement-plan","tag-new-york","tag-new-york-city","tag-nyc","tag-target-date-funds"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/37451","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=37451"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/37451\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/37452"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=37451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=37451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=37451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}