Chimicles Schwartz Kriner & Donaldson-Smith LLP is Investigating Class Action Lawsuits on Behalf of Participants in University Retirement Plans Who May Be Paying Excessive Fees
Our law firm is investigating potential class actions against universities under the Employee Retirement Income Security Act (“ERISA”) relating to imprudent and improper practices in administering 403(b) retirement plans. We are investigating certain universities that may be investing their employees’ hard-earned dollars in conflicted, imprudent, and/or excessively high-cost investment options. Doing so can and does greatly diminish employee retirement account balances over the life of the investment. Universities that sponsor 403(b) retirement plans have a duty under ERISA to act in the sole interest of the plan participants. Failure to do so is a breach of fiduciary duty in violation of ERISA. If you are a participant in a university 403(b) retirement plan and you believe your investment dollars are being subjected to excessive fees or other potential violations of ERISA, we would like to offer you a free consultation. Please fill out the intake form below or contact our law firm by dialing our toll free number below.
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Attorneys for this case:
Steven A. Schwartz
Andrew W. Ferich