Claims Against University 403(b) Plan Fail to Survive Motion to Dismiss.

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    • Abstract:
      The article discusses the court case Vellali et al. v. Yale University et al., at the U.S. District Court for the District of Connecticut, in which the plaintiffs alleged that Yale University violated their fiduciary duties under the Employee Retirement Income Security Act of 1974 (ERISA) by engaging in a bundled services agreement that required them to include underperforming and overpriced investment options. The plaintiffs are participants in a 403(b) defined contribution retirement plan.