Centene Corp. Workers Lose Would-be Class Suit Over 401(k) Fees

Centene Corp. beat a proposed class action over the fees and investment options in its $3.1 billion 401(k) plan when a Missouri federal judge said the lawsuit didn’t include sufficient details or comparisons.

The former Centene employees who filed suit lack valid claims over the fees and performance of certain plan investments, because they didn’t provide sufficient details about the funds’ holdings and strategies, Judge Sarah E. Pitlyk said. As a result, the court can’t make a meaningful comparison between the challenged funds and allegedly superior alternatives, she said.

Pitlyk, who sits in the US District Court for the Eastern …