U.S. Supreme Court Won’t Hear Pension Plan Excessive Fees Appeal

Mealey's (March 31, 2020, 12:06 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on March 30 denied a petition for writ of certiorari filed by the University of Pennsylvania seeking review of a Third Circuit U.S. Court of Appeals decision in a lawsuit accusing it of acting imprudently while administering a 403(b) defined contribution, individual account employee pension benefit plan (University of Pennsylvania, et al. v. Jennifer Sweda, et al., No. 19-784, U.S. Sup.)....