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Hospital Group Joins Chamber in Fighting Retirement Plan Suits

May 25, 2022, 5:29 PM

The US Chamber of Commerce picked up two allies in its legal campaign against the recent surge in retirement plan fee litigation, according to an amicus brief filed in a federal lawsuit against Boston’s Beth Israel Deaconess Medical Center Inc.

The brief, filed Tuesday, urges the US District Court for the District of Massachusetts to reject a proposed class action challenging the fees and investment options in the Beth Israel retirement plans. According to the Chamber, this case and dozens of similar “cookie-cutter lawsuits” have particularly targeted hospitals, which have broad employee populations and must balance the retirement needs of ...