Former Employee Notice: Investigation over Fees of Home Depot’s 401(k) plans

An investigation was announced for current or former employees of The Home Depot, Inc. (NYSE: HD) that had an individual account under any of the Company’s 401(k) plans during the last several years over potential breaches of fiduciary duties.

Those who had an individual account under any of the Home Depot’s 401(k) plans during the last several years have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The investigation by a law firm concerns whether fiduciaries of Home Depot’s 401(k) plans violated the Employee Retirement Income Security Act of 1974 (“ERISA”) by offering investment options with high fees that benefitted Home Depot at the plans’ participants’ expense.

Atlanta, GA based Home Depot, Inc. reported that its Total Revenue rose from over $94.59 billion for the 12 months period that ended on January 29, 2017 to over $100.9 billion for the 12 months period that ended on January 28, 2018 and that its Net Income increased from over $7.95 billion to over $8.63 billion.

Shares of The Home Depot, Inc. (NYSE: HD) gre$121.62 per share in late 2016 to as high as $207.61 per share in January 2018.

Those who had an individual account under any of the Home Depot’s 401(k) plans during the last several years, have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com