Employees sue Transamerica, claim poor management cost them millions in retirement accounts

January 16, 2019 by Stephen Gruber-Miller

Employees of a Cedar Rapids investment company are suing their employer for allegedly costing them millions of dollars in poorly performing retirement accounts.

Three employees of Transamerica allege in a class action lawsuit filed in federal court in Iowa on Dec. 28 that poor performance of their employers’ funds cost them and thousands of other current and former employees between $15 million and $20 million. The company’s corporate headquarters is in Baltimore but it has major operations in Cedar Rapids.

Click HERE to read the full story via Des Moines Register.

Originally Posted at Des Moines Register on January 11, 2019 by Stephen Gruber-Miller.