Stadion Money Management Statement in Response to Complaint
WATKINSVILLE, Ga.--(BUSINESS WIRE)--Jan 31, 2019--Stadion Money Management was notified that we have been named as a defendant in a class action complaint associated with our retirement managed account service. We deny plaintiff’s various allegations that Stadion violated fiduciary obligations to plan participants. Furthermore, we find many of the allegations are implausible and, frankly, don’t make sense.
Our goal, all day and every day, is to help employees achieve retirement security. To do that, we employ investment practices that we believe equal or exceed industry standards and we are committed to doing right by our clients.
Lawyer-driven lawsuits like this, unfortunately, have become commonplace and companies like Stadion are frequently targeted by the plaintiffs’ bar. We intend to vigorously defend the case because the claims are meritless and are confident the matter will be resolved in Stadion’s favor.
About Stadion Money Management
Established in 1993, Stadion Money Management is an independent firm headquartered near Athens, Georgia. Stadion’s retirement managed account solutions provide participants an opportunity to further personalize their own retirement portfolios. As of 12/31/18, Stadion managed approximately $2.9 billion. Visit Stadion Money Management at www.stadionmoney.com
Past performance is no guarantee of future results. Investments are subject to risk, and any of Stadion’s investment strategies may lose money.
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CONTACT: Gordon Lamb
Stadion Money Management
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES ACCOUNTING FINANCE
SOURCE: Stadion Money Management
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PUB: 01/31/2019 09:30 AM/DISC: 01/31/2019 09:30 AM