Northwestern Defends Plan, Says Prudence Claims Fail In High Court Brief

Mealey's (October 22, 2021, 12:35 PM EDT) -- WASHINGTON, D.C. — A federal judge in Illinois did not err in rejecting allegations that the Northwestern University defined-contribution retirement plan runs afoul of the Employee Retirement Income Security Act because “the duty of prudence is not breached simply” by “marginal cost differences among certain investment options that are otherwise sound,” the university maintains in an Oct. 21 respondent brief filed with the U.S. Supreme Court....

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