Will 401(k) and 403(b) Litigation Turn Retirement Plans Into Widgets

In the past week, a whole new round of lawsuits involving academic institution 403(b) plans has hit the news. Despite the “newness” of the targets, at a high level the claims feel just the same as our never-ending run of 401(k) lawsuits. The plans are too expensive, too complex, and have bad oversight.

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Richard M. Todd