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Issues Related to the University 403(b) Lawsuits

The recent flurry of lawsuits against major universities on their (very large) 403(b) plans has raised significant concerns in the market related to what has been very common plan designs. In MarketBeat, Robert Toth discusses what the differences between 403(b) plans and 401(k) plans mean regarding the application of ERISA’s fiduciary rules to the investments.