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University Of Chicago Settles Retirement Plan Lawsuit For $6.5m - Education News - Crain's Chicago Business
Posted on: May 24, 2018, 7:01 p.m.
It's the first of about 20 prominent universities facing allegations over 403(b)-plan mismanagement to take such a step. : The University of Chicago has agreed to settle a retirement-plan lawsuit for $6.5 million, becoming the first of about 20 prominent universities facing allegations over 403(b)-plan mismanagement to take such a step. Plaintiffs filed the lawsuit, Daugherty et al v. the University of Chicago, in May 2017. They claimed the university caused its plan participants to pay excessive record-keeping and investment-management ... Full investment news articleRelevent to this post: Michigan State University Office of Investments New York University Endowment,