Top Universities Hit with Retirement Plan Lawsuits: Lessons for Plan Sponsors

By Joseph K. Urwitz and Todd Solomon on September 20, 2016

Posted In Benefit Controversies, Retirement Plans

The recent wave of 403(b) lawsuits against more than a dozen prominent US universities could herald similar suits for other 403(b) plan sponsors. Plan sponsors can minimize their risk by reviewing their plan governance procedures, investment policy statements, and plan investment lineup and fee structure.

Read the full article here to learn more.

Tags: 403(b) retirement plan lawsuits, alleged fiduciary breaches, asset-based revenue sharing, Employee Retirement Income Security Act of 1974, ERISA, investment policy statements, monitoring fiduciaries, plan governance procedures, plan investment line up, retirement fee structure, retirement plan recordkeepers, retirement plan sponsors

Joseph K. Urwitz
Joseph (Joe) K. Urwitz focuses his practice on employee benefits, executive compensation and Employee Retirement Income Security Act (ERISA) fiduciary matters. He advises clients on a wide range of issues, including fiduciary duties and prohibited transactions, employee benefit matters arising in mergers and acquisitions, benefits issues unique to nonprofit entities, deferred compensation arrangements, equity award and bonus plan design, employment and severance arrangements, and qualified plan work. Read Joe Urwitz's full bio.

Todd Solomon
Todd A. Solomon focuses his practice on designing, amending and administering pension, profit sharing, 401(k), employee stock ownership and 403(b) plans, as well as nonqualified deferred compensation arrangements. He also counsels privately and publicly held corporations and tax-exempt entities regarding fiduciary issues under the Employee Retirement Income Security Act (ERISA), employee benefits issues involved in corporate transactions, executive compensation matters and the implementation of benefit programs for domestic partners of employees.Read Todd A. Solomon's full bio.

Top Universities Hit with Retirement Plan Lawsuits: Lessons for Plan Sponsors

Related Posts

BLOG EDITORS

STAY CONNECTED

TOPICS

ARCHIVES

RECENT POSTS