Bloomberg Law
March 24, 2023, 1:29 PM

Coca-Cola Bottlers’ Association Strikes $3.3 Million 401(k) Deal

Jacklyn Wille
Jacklyn Wille
Legal Reporter

The Coca-Cola Bottlers’ Association signed a $3.3 million class settlement with participants in its 401(k) who filed suit over the plan’s fee levels and investment options.

The deal is expected to benefit more than 64,000 people covered by the Coca-Cola retirement plan since February 2015, excluding certain defendants. The settlement is fair and reasonable to the class members, who estimated their “best-case scenario damages” to be about $19 million, they said in a preliminary approval motion filed Thursday in the US District Court for the District of Kansas.

The parties reached an agreement following a full-day private mediation session in ...

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