A lawsuit challenging how the University of Chicago runs its two large retirement plans got a boost when a federal judge reinstated claims involving a $2.1 billion plan covering about 13,000 university employees and former employees.
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 ...
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