Washington Univ. Retirement Plan Suit Heads to 8th Cir.

Employees of Washington University in St. Louis will ask a federal appeals court to revive their lawsuit challenging how the school runs its retirement plan.

The employees plan to appeal a Sept. 28 decision dismissing their proposed class action against the school, they told a federal judge Oct. 25.

Washington University’s retirement plan carried excessive fees and offered duplicative and poorly performing investment options, the employees say.

The U.S. Court of Appeals for the Eighth Circuit becomes the fifth federal appeals court asked to consider how prestigious colleges manage their retirement plans. The Second, Third, Fourth, and Seventh circuits are ...