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Mike Causey, Senior Correspondent, Federal News Radio

Lockheed Martin faces a class-action lawsuit against 120,000 employees for how it handles their 401(k) retirement plans. The case focuses on whether the company...

Federal News Network Staff

December 16, 2014 4:42 pm

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wfedstaff | April 17, 2015 11:06 pm

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Lockheed Martin faces a class-action lawsuit against 120,000 employees for how it handles their 401(k) retirement plans. The case focuses on whether the company’s provider made the employees pay higher fees than they needed to and made bad investment decisions. Federal News Radio Senior Correspondent Mike Causey says there isn’t a direct connection between the Lockheed Martin case and federal employees. But he told Federal News Radio’s Sean McCalley they should pay attention to what happens afterward. Read Mike Causey’s related column.