Welcome
Benefits & Executive Compensation News

Duke Is Second School to Lose Round in Retirement Plan Lawsuits

May 12, 2017, 2:25 PM

A lawsuit accusing Duke University’s retirement plan of high fees and poor investments is moving forward after a federal judge issued a mixed ruling on the school’s motion to dismiss (Clark v. Duke Univ., M.D.N.C., No. 1:16-cv-01044-CCE-LPA, 5/11/17).

The judge May 11 refused to dismiss allegations that Duke’s retirement plan charged excessive record-keeping and investment fees and favored the investment products offered by the school’s record keepers over lower-cost alternatives. Other claims were subject to dismissal for being filed too late or for being insufficiently supported by facts, the judge ruled.

The decision, which included no significant discussion...

To read the full article log in. To learn more about a subscription click here.