Chimicles Schwartz Kriner & Donaldson-Smith LLP is Leading A Class Action Lawsuit on Behalf of Participants in George Washington University’s Retirement Plans Who Are Paying Excessive Fees
Our law firm is prosecuting a class action against George Washington University (“GWU”) under the Employee Retirement Income Security Act (“ERISA”) relating to imprudent and improper practices in the administration of its 401(a) and 403(b) retirement plans. We have alleged that GWU invested 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 investments. GWU has a duty under ERISA to act in the sole interest of its plans’ participants. Failure to do so is a breach of fiduciary duty in violation of ERISA. If you are a participant in the GWU 401(a) or 403(b) retirement plan, we would like to offer you a free consultation. Please fill out the intake form below or please contact our law firm by dialing our toll free number below.