Catholic Health Provider Agrees to $42 Million Settlement in Class-Action Retirement Lawsuit

The health system has its roots in a network of hospitals founded by the Sisters of Providence starting in the mid-19th century.
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The health system has its roots in a network of hospitals founded by the Sisters of Providence starting in the mid-19th century.

The lawsuit alleged that Providence Health had failed to adhere to the federal Employee Retirement Income Security Act in managing the company’s 401(k) plan.

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