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403(b) Plan Sponsors, Beware of Excessive Fee Litigation

Publisher: Law360
November 22, 2016
Day Pitney Author(s) Kathy A. Lawler

Kathy Lawler and Daphney Francois wrote an article, "403(b) Plan Sponsors, Beware of Excessive Fee Litigation," for Law360.  The article discusses a spate of class actions against universities that sponsor 403(b) plans and provides an in-depth analysis of allegations of fiduciary breaches under the Employee Retirement Income Security Act of 1974 relating to payments of excessive administration fees and failure to replace certain investment funds. Lawler and Francois offer insights on how sponsors and fiduciaries of 403(b) plans have responded to allegations, pointing out that the complaints serve as a reminder for others "to take a hard look at the design and administration of their plans."

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Related Professionals
Kathy Lawler
Kathy A. Lawler
Parsippany, NJ
T: (973) 966 8172
New Jersey Hartford Stamford Greenwich New Haven West Hartford Boston
New York Washington, DC Providence Boca Raton Miami West Palm Beach

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This website may use cookies, pixel tags and other passive tracking technologies, including Google Analytics, to improve functionality and performance. For more information, see our Privacy Policy. By using our website, you are consenting to our use of these tracking technologies. You can alter the configuration of your browser to refuse to accept cookies, but if you do so, it is possible that some areas of web sites that use cookies will not function properly when you view them. To learn more about how to delete and manage cookies, refer to the support instructions for each browser (e.g., see AllAboutCookies.org). You may locate Google Analytics' currently available opt-outs for the web here.