Johns Hopkins Agrees To Pay $14 Million To End ERISA Excessive Fees Class Suit

Mealey's (August 7, 2019, 10:10 AM EDT) -- BALTIMORE — Participants and beneficiaries of The Johns Hopkins University’s 403(b) Plan filed motions on Aug. 6 in the U.S. District Court for the District of Maryland seeking preliminary approval of a $14 million settlement and certification of a settlement class to end a complaint accusing the university of charging unreasonable fees and maintaining high-cost and underperforming investment options (Margaret E. Kelly, et al. v. The Johns Hopkins University, No. 16-2835, D. Md.)....