Columbia University’s $13M Settlement Of ERISA Retirement Plan Dispute Approved

Mealey's (July 13, 2021, 8:17 AM EDT) -- NEW YORK — A $13 million class action settlement between Columbia University trustees and participants in two 403(b) plans relating to the participants’ claims that the trustees violated Employee Retirement Income Security Act by paying unreasonable record-keeping and administrative fees and by maintaining high-cost and underperforming investment options received preliminary approval by a federal judge in New York on June 29....