Plan Progress: Lessons from Litigation
Experts in a recent PLANSPONSOR webinar reviewed recent retirement plan litigation and what lessons plan sponsors can from cases and...
Tag: 403(b) Litigation
403(b) Lawsuit Targeting WakeMed Rapidly Settles
In their short-lived complaint, the plaintiffs suggested WakeMed fiduciaries have not acted prudently in the operation of the 403(b) retirement...
Washington University 403(b) Challenge Revived by 8th Circuit
Parts of the lower court’s ruling against the plaintiffs’ claims have been rejected and remanded by the appeals court.
Settlement in Johns Hopkins 403(b) Plan Lawsuit Includes Recordkeeper Bid
The $14 million settlement agreement also requires the University to retain an independent consultant to assist plan fiduciaries in reviewing...
Sanctions Called for Workers and Attorneys in Sacerdote et al. v. NYU
There are several bases on which the court could impose sanctions.
Wisconsin Private Colleges Unite Retirement Plans in ‘403(b) MEP’
The Wisconsin Association of Independent Colleges and Universities announced a partnership with Transamerica to create a 403(b) multiple employer retirement...
Mercer Offers Focus Tips for E&F Investment Committees
Among tips Mercer suggests is evaluating litigation vulnerability at a time when lawsuits against higher education 403(b) plan sponsors are...
What 403(b) Plan Sponsors Can Learn From Recent Lawsuits
Steps can be taken to prevent a lawsuit, establish defenses if a lawsuit arises and buy fiduciary protection.