Plan Participants Appeal Dismissal Of Underperforming Funds Suit, Seek Reversal

(January 23, 2018, 12:54 PM EST) -- PHILADELPHIA — A district court erred in dismissing claims filed by a group of University of Pennsylvania Matching Plan participants and beneficiaries against the University of Pennsylvania and the university’s vice president of human resources because the participants alleged facts showing that the defendants breached their fiduciary duties by failing to monitor the plan’s fees, the participants argue in a Jan. 19 brief to the Third Circuit U.S. Court of Appeals (Jennifer Sweda, et al. v. The University of Pennsylvania, et al., No. 17-3244, 3rd Cir.)....

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