Georgetown Joins NYU, Penn in Beating Retirement Plan Suits

Georgetown University is the latest school to defeat a lawsuit challenging the fees and investment options in its retirement plan.

A federal judge dismissed the proposed class action in its entirety, calling the case a “challenge to the fundamental structures of the Georgetown Plans, not the fiduciary attentions or prudence of its Trustees.”

The workers couldn’t show a violation of the Employee Retirement Income Security Act by pointing out the ways Georgetown’s billion-dollar retirement plans differed from the 401(k) plans offered in corporate America, the judge said Jan. 8.

Georgetown is one of at least 20 prominent colleges to be ...