As has been reported in the press, there has been an increase in class action lawsuits relative to investment fees, plan administration costs, and other aspects of retirement plans. Several major universities – Yale, the Massachusetts Institute of Technology, New York University, Johns Hopkins University, Duke University, the University of Pennsylvania, Vanderbilt University and Emory University have now been sued over these issues for their 403(b) plans. St. Louis firm, Schlichter Bogard & Denton is representing the plaintiffs in all of the cases.
Apparently, the law firm was involved in some of the cases against for-profit companies 401(k) plans as …read more
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