Employee Class Action Regarding McKinsey & Co. Profit-Sharing Retirement Plan (PSRP)

What is the class action claim?

The McKinsey & Co. PSRP, McKinsey’s 401(k) Plan for all its employees, is being run like an hedge fund by the McKinsey Investment Office (MIO), with all the associated hedge fund level fees, risks & conflicts of interest. These excessive fees, risks & conflicts are paid for & borne by all McKinsey & Co. current and former employees who have participated or are participating in the PSRP. It is alleged that these investments in hedge funds with their excessive fees, risks & conflicts of interest are in violation of ERISA. This class action seeks to recover for all current & former McKinsey & Co. PSRP participants the excessive hedge fund fees paid over the past 6 years, any related losses & to eliminate unnecessary risks & conflicts of interest. For more details, you may read the complaint.

Who can join this class action?

Any current or former McKinsey & Co. employee who is or was a participant in the McKinsey & Co. PSRP anytime within the past 6 years.

Is there any cost to me?

No. All plaintiff attorneys are litigating this case on a contingency fee basis.

How can I help and/or participate?

  1. We are interested in reviewing documents you can download from the McKinsey & Co. website:
    • Summary Plan Description (SPD)
    • Annual Fee Disclosure
    • Statements – Please feel free to blackout any personal data

    Please email these to mk@mk-llc.com or fax to 212-389-6112.

  2. Refer other affected McKinsey & Co. employees by sharing this page and or posting on social media (FB, LinkedIn).
  3. Join the case as a plaintiff Class Representative.

Read about Class Representative Duties.

Please feel free to email mk@mk-llc.com or call 212-389-6111 with any additional questions.

Join This Case

Submit Information

Case Documents

Complaint

Online Retainer Instructions

  1. Please carefully read and check box "Part I -– Class Representative Duties"
  2. Please complete "Part II - Client Contact & Employment Information."
  3. Make sure all the required fields are filled out and as many of the optional fields as possible.
  4. Please carefully read & sign the Retainer Agreement
  5. Click the "Click to Sign" button to submit your signed agreement.
  6. Check for an email from "Adobe Sign" and click the "Confirm my email address" link to verify your signature and complete the process.
  7. One of our Attorneys will contact & speak with you by phone to finalize your joining this case. Please note: You must have a phone conversation with one of our Attorneys to complete your retention as a client of MKLLC LAW.