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Compass
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Vanderbilt 403(b) Settlement Includes Participant Data Safeguards
Mercer May 15, 2019 "The agreement requires the school to pay $14.5 million into a settlement fund, review existing investment options and recordkeeping arrangements, and provide employees information about the plan's investments and instructions on how to reinvest their accounts. But another aspect of the settlement is making some employers take note: Vanderbilt must to take additional steps to protect confidential participant information." [Cassell v. Vanderbilt Univ., No. 16-2086 (M.D. Tenn., proposed settlement filed Apr. 22, 2019)] |
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