Benefits & Executive Compensation News

USC Wants to Arbitrate Retirement Plan Fee Challenge

Dec. 21, 2016, 8:56 PM

The University of Southern California asked a federal court to order participants challenging the administration of their retirement savings plans to submit their claims to individual, non-class, binding arbitration (Munro v. University of Southern California, C.D. Cal., 2:16-cv-06191, motion to compel arbitration filed 12/19/16).

Plan participants signed a valid and enforceable arbitration agreement with the university that requires individual, non-class arbitration of the claims they pursue, including the alleged breach of fiduciary duties under the Employee Retirement Income Security Act, USC said in a motion filed Dec. 19. Because all of the participants’ claims are...

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