Whole Foods Settles With Workers Over Retirement Plan Fee Levels

Whole Foods Market Inc. plans to settle a class action by workers challenging the fees associated with the grocer’s $1.9 billion retirement plan.

The parties struck a deal after a private mediation session and plan to file details of the agreement for court approval by mid-June, they said in a status report filed Thursday in the US District Court for the Western District of Texas.

• The lawsuit says Whole Foods breached its fiduciary duties under the Employee Retirement Income Security act by failing to rein in the plan’s annual fees for recordkeeping services, which were allegedly about $31 per person ...