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Princeton 403(b) Excessive Fee Settlement Features $5.8 Million Price Tag
planadviser Link to more items from this source
July 31, 2020

"In addition to the payment into a settlement fund, Princeton ... will not increase the plans' recordkeeping fees for three years and will use commercially reasonable best efforts to continue to attempt to reduce recordkeeping fees. Princeton has also agreed to conduct [an RFP] process for recordkeeping-administrative services and outside independent investment consulting services within three years after the settlement approval." [Nicolas v. The Trustees of Princeton Univ., No. 17-3695 (D.N.J. proposed settlement filed Jul. 28, 2020)]

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