Retirement Plans

A participant in the Marathon Petroleum Thrift Plan claims in a federal <strong><a href="http://www.courthousenews.com/wp-content/uploads/2017/07/MarathonPetro.pdf">class action</a></strong> that administrators heavily invested plan assets in Marathon Oil stock based on the mistaken belief that it still qualified as an employer security, causing the retirement plan to lose tens of millions of dollars when the stock underperformed.

TOLEDO, Ohio – A participant in the Marathon Petroleum Thrift Plan claims in a federal class action that administrators heavily invested plan assets in Marathon Oil stock based on the mistaken belief that it still qualified as an employer security, causing the retirement plan to lose tens of millions of dollars when the stock underperformed.

Categories / Business, Employment, Financial

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