MIT, NYU, Yale Sued Over Retirement-Plan Fees

MIT, NYU, Yale Sued Over Retirement-Plan Fees

 Suits claim plans breached duties by stocking investment menus with retail mutual funds

The Massachusetts Institute of Technology, New York University and Yale University were sued Tuesday for allegedly causing participants in their retirement-savings plans to pay excessive fees, making them the latest to be targeted in a wave of similar litigation challenging the use of retail mutual funds in 401(k) and other retirement plans.

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