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Lawsuit Moves Forward Over University of Chicago Retirement Plan Expenses
Bloomberg BNA Jan. 12, 2018
"The university worker who challenged the school's $2.1 billion plan sufficiently alleged that he paid excessive record-keeping and administrative fees, a federal judge ruled Jan. 10. In September, the school convinced the judge to dismiss all claims related to this plan -- leaving in place only challenges to the school's smaller $980 million plan -- by arguing that none of the workers involved in the lawsuit received benefits through the bigger plan. The workers resolved that issue by adding a new party to the lawsuit, the judge said, and he allowed challenges to both plans to move forward." [Daugherty v. Univ. of Chicago, No. 17-3736 (N.D. Ill. Jan 10, 2018)]
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