Saint Luke’s 401(k) Fee Suit Dropped After Individual Agreement

April 16, 2021

A retirement investor suing Kansas City hospital Saint Luke’s Health System over the fees and investment options in its retirement plan is dropping her proposed class action after reaching an out-of-court agreement to resolve the matter, the parties told a Missouri federal judge.

Maggie Rohan’s stipulation of dismissal, filed Thursday in the U.S. District Court for the Western District of Missouri, comes three weeks after the parties asked for a pause in case deadlines in light of their “agreement in principle to resolve this case.” Rohan had recently asked Judge Stephen R. Bough to certify the case as a class...