This page provides the answers to class members’ most frequently asked questions.
The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice of Pendency of Class Action and Proposed Settlement.
No, you are not being sued.
The lawsuit alleges that Ardent violated ERISA—the federal law that governs most retirement plans in the United States. The people who are pursuing the lawsuit (“Plaintiffs”) claim that Ardent should not have selected and maintained certain funds as investment options in the Plan, and that the Plan paid higher recordkeeping and administrative fees than necessary. Plaintiffs also alleged that AHS Management Company, Inc., and its Board of Directors failed to monitor the Plan’s fiduciaries.
Ardent denies the allegations in the lawsuit and contends that its conduct was entirely proper. Ardent has asserted, and would assert if the lawsuit continues, a number of defenses.
You may communicate with them by writing, calling or emailing to:
Class Counsel
Mark K. Gyandoh
Capozzi Adler P.C.
312 Old Lancaster Road
Merion Station, PA 19066
Telephone: (610) 890-0200
Email: markg@capozziadler.com
You do not have to hire your own lawyer because class counsel is working on your behalf. If you want your own lawyer, you can hire one. If you want to file your own case, you must ask to be excluded from the class action. To file a case, you must hire your own lawyer.
You may obtain additional information by writing to:
McCool vs. AHS Management Co., Inc.
c/o Analytics Consulting LLC
P.O. Box 2007
Chanhassen, MN 55317-2007