Webinar Recording: Higher Ed Retirement Plan Fee Litigation

August 29, 2016

Originally recorded August 25, 2016

Author(s): Christian D. Hancey, Eric Paley

Higher education has become the latest target of retirement plan fee litigation. At last count, law firm Schlichter Bogard Denton has filed class actions against eight universities alleging breaches of ERISA fiduciary duties. This is the first time the plaintiffs’ bar has gone after colleges and universities, let alone other types of nonprofits. Though it’s too soon to know how these particular cases will resolve, colleges and universities need to take stock of their current retirement plan practices right now.

On August 25, Nixon Peabody will present a special briefing to address the concerns this new wave of litigation presents for higher education institutions and what plan sponsors should do to minimize their risk of liability. Specific topics include:

  • An up-to-the-minute discussion on the rapidly changing litigation landscape
  • The best practices in which all sponsors should engage to demonstrate fiduciary responsibility
  • Considerations on how to engage college and university trustees on this troubling topic

Our Speakers

  • Christian Hancey, Partner
  • Eric Paley, Partner

The foregoing has been prepared for the general information of clients and friends of the firm. It is not meant to provide legal advice with respect to any specific matter and should not be acted upon without professional counsel. If you have any questions or require any further information regarding these or other related matters, please contact your regular Nixon Peabody LLP representative. This material may be considered advertising under certain rules of professional conduct.

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