A $570,000 class settlement aimed at resolving litigation over the fees tied to the Credit Union Retirement Association 401(k) Plan needs significant revisions before it can be approved, a federal judge said.

The parties provided "almost no information" about how they arrived at the settlement figure and failed to explain why they allocated 70% of the deal to employees of FirstLight Federal Credit Union and only 30% to employees of California Coast Credit Union, Chief Judge said.

They also failed to justify the attorneys' fees expected to be awarded in connection with the deal and didn't explain ...