Bloomberg Law
Jan. 24, 2022, 3:23 PMUpdated: Jan. 24, 2022, 7:56 PM

Burst of 401(k) Fee Litigation Gets Boost From Supreme Court (2)

Jacklyn Wille
Jacklyn Wille
Legal Reporter
Lydia Wheeler
Lydia Wheeler
Senior Reporter

The U.S. Supreme Court revived a lawsuit against Northwestern University Monday in a decision that may breathe new life into dozens of lawsuits across the country that take aim at retirement plans with poorly performing investments and excessive recordkeeping fees.

In a unanimous ruling, the Supreme Court vacated an appellate court’s decision to toss out a lawsuit university employees brought challenging the school’s retirement plan fees and investment lineup. The ruling is a boost for employees who argue that an array of investment options isn’t enough, and that retirement plans have a duty to pick the most prudent fund options ...

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