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 - Regulatory
ICI pursues reforming, modernizing '40 Act

The Investment Company Institute this week made public a set of recommendations to reform and modernize the Investment Company Act of 1940, which has not been ...

10 Things
10 Women...who chair the Audit Committee

The percentage of female independent directors serving on mutual fund boards has increased impressively in recent years, jumping from about 20% 10 years ago to nearly 40% ...