In the Margins

Yale, NYU, MIT sued for excessive fees under ERISA

August 10, 2016

By InvestmentNews

Yale University, New York University and the Massachusetts Institute of Technology have been sued over allegations that their defined contribution plans charged employees excessive plan fees, leading them to overpay by millions of dollars in retirement savings. The lawsuits are part of a decade-long trend of plan participants bringing claims against employers for alleged fiduciary breach under the Employee Retirement Income Security Act of 1974. Read the original story from InvestmentNews.

 

 

 

Most Read

Top of the Agenda - Compensation
IDC director study: 2019 pay relatively unchanged

New data from Independent Directors Council suggests that most independent mutual fund directors did not see much of a bump in compensation in 2019, with year-on-year ...