Megan Richmond is Co-Counsel in a new class action lawsuit, alleging that Southwest Airlines cost its employees millions of dollars in retirement savings by failing to remove a costly and underperforming investment fund from its combined $14 billion retirement plans. The lawsuit contends that Southwest Airlines breached its fiduciary duty by retaining the underperforming and excessively expensive Harbor Capital Appreciation Fund in their 401(k) and profit-sharing plans. This fund consistently lagged behind its benchmark, significantly diminishing employee retirement savings. Southwest knew or should have known about this poor performance and the availability of better, cheaper options. Their inaction, especially given the fund represented a substantial portion of the plan's assets, constitutes a clear violation of the Employee Retirement Income Security Act (ERISA), and the lawsuit seeks to recover the losses suffered by the plan participants.