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.

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.

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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 Letters stating ESOP shares value
    • Statements – Please feel free to blackout any personal data
  2. Please email these to confidential@mk-llc.com or fax to 212-389-6112.
  3. Refer other affected McKinsey & Co. employees by sharing this page and or posting on social media (FB, LinkedIn).
  4. Join the case as a plaintiff Class Representative.

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

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