ERISA Excessive Fee Lawsuits Hit 403(b) Plans of Higher Education Institutions
Not surprisingly, in its most recent round of “excessive fee” lawsuits under the Employee Retirement Income Security Act (ERISA), the plaintiffs’ bar has begun targeting 403(b) plans sponsored by higher education institutions such as Yale University, the Massachusetts Institute of Technology, New York University, and Duke University. Cases like Tibble v. Edison …