Boston College Retirement Row Heads to Trial With Judge’s Lament

A class action challenging two Boston College retirement plans will go to trial after a Massachusetts federal judge said efforts to resolve the case at the summary judgment stage were a “monumental waste of time.”

The plan participants can argue at trial that college trustees breached their fiduciary duties by failing to consolidate to a single retirement plan recordkeeper and failing to understand key details about the plans’ fee levels and potential conflicts of interest, Judge William G. Young said. They also raised triable claims over how the trustees monitored certain investments criticized as poor performers, and they showed the ...